Yeary Frank D 4

What Happened

• Frank D. Yeary, an Intel director, had two restricted stock unit (RSU) awards convert into common shares on May 7, 2026: 12,552 shares and 14,059 shares, for a total of 26,611 shares. The Form 4 shows these as "exercise or conversion of derivative security" (code M). Matching disposition entries for the same share amounts were also reported (listed as derivative dispositions), and no open‑market sale or cash purchase is shown. Prices are listed as N/A because RSUs convert into shares rather than being purchased at a strike price.

Key Details

• Transaction date: 2026-05-07 (Form 4 filed 2026-05-08 — timely)
• Type: M = exercise/conversion of derivative security (RSUs)
• Acquired: 12,552 and 14,059 shares (total 26,611); Price: N/A
• Disposed: 12,552 and 14,059 shares (same amounts), recorded as derivative dispositions
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1 — each RSU converts to one share on vesting; F2 — 100% of these RSUs vest on the earlier of the first anniversary of grant or the 2026 Annual Meeting
• No indication of a 10b5‑1 plan or other sale program in the provided data

Context

• Converting RSUs into shares is a vesting event, not a market purchase. When acquired and disposed amounts match, companies commonly withhold shares to satisfy tax withholding obligations rather than sell shares on the open market. This filing appears to reflect RSU vesting and share withholding rather than an open‑market sale or a cash buy, so it should be viewed as a routine compensation event rather than an explicit insider bet on the stock.