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|4Feb 13, 5:09 PM ET

Ammari Ramzi 4

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Universal Electronics (UEIC) Sr. VP Ammari Ramzi Sells 938 Shares (Sell-to-Cover)

What Happened
Ammari Ramzi, Senior Vice President, Corporate Planning & Strategy at Universal Electronics (UEIC), had restricted stock units (RSUs) convert to shares in early February 2026 and then sold shares to cover taxes. The filing shows RSU conversions of 2,000 shares on Feb 7, 2026 and 1,177 shares on Feb 9, 2026. On Feb 13, 2026 Ramzi sold 590 shares and 348 shares in open-market sell-to-cover trades at $4.10 each, generating combined proceeds of $3,846. The filing also records derivative dispositions at $0 for the 2,000 and 1,177-share conversions (consistent with net withholding to satisfy tax obligations).

Key Details

  • Transaction dates and prices:
    • Feb 7, 2026: 2,000 RSUs converted to shares (derivative exercise/settlement).
    • Feb 9, 2026: 1,177 RSUs converted to shares (derivative exercise/settlement).
    • Feb 13, 2026: Open-market sales — 590 shares @ $4.10 ($2,419) and 348 shares @ $4.10 ($1,427); total 938 shares for $3,846.
  • Post-transaction holdings: filing references an aggregate RSU/share figure (footnote F4) but does not state an exact total share count held after these transactions.
  • Footnotes of note:
    • F1: Each RSU = contingent right to one share of UEI common stock.
    • F2: The open-market sales were sell-to-cover transactions to cover taxes/fees and are not discretionary sales by the reporting person.
    • F3/F5: Grants underlying these vestings — 24,000 RSUs granted Feb 7, 2024 (multi-year vesting) and 14,135 RSUs granted Feb 9, 2023 (multi-year vesting).
  • Filing timeliness: Form filed Feb 13, 2026 reporting activity Feb 7–9, 2026; the filing does not indicate a late-filing flag.

Context
These transactions reflect RSU vesting and routine tax-related actions (net share withholding and sell-to-cover sales). For retail investors, such sell-to-cover sales are common and generally do not by themselves indicate a change in insider sentiment; purchases are typically more informative about bullish insider convictions. The derivative entries here represent RSU settlement (conversion to shares) and tax withholding rather than option exercises for cash.