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UNIVERSAL ELECTRONICS INC·4

May 8, 6:06 PM ET

Ammari Ramzi 4

Research Summary

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Updated

UNIVERSAL ELECTRONICS (UEIC) Sr. VP Ammari Ramzi Sells 619 Shares

What Happened

  • Ammari Ramzi, Senior Vice President of Corporate Planning & Strategy at Universal Electronics (UEIC), had 2,000 restricted stock units (RSUs) convert to common stock on May 7, 2026, and a subsequent sale of 619 shares on May 8, 2026.
  • The 619 shares were sold in the open market at $4.26 per share for total proceeds of $2,637. The filing shows the RSU conversion/derivative entries (code M) and a disposition entry of 2,000 shares at $0, reflecting the mechanics used to settle taxes/withhold shares in connection with vesting.

Key Details

  • Transaction dates and prices:
    • 2026-05-07: Conversion/exercise of derivative (RSU vesting) — 2,000 shares (no cash paid).
    • 2026-05-08: Open-market sale — 619 shares at $4.26 each; proceeds $2,637.
    • 2026-05-07: A related derivative disposition of 2,000 shares reported at $0 (see notes on withholding).
  • Shares owned after transaction: The filing references an aggregate RSU holding (footnote), but the total shares held after these transactions are not specified in the provided data.
  • Notable footnotes:
    • F1: Each RSU converts to one share of common stock.
    • F2: The 619-share sale was a sell-to-cover to cover applicable taxes/fees and was not a discretionary sale by the reporting person.
    • F3: Ramzi was granted 24,000 RSUs on Feb 7, 2024, vesting over three years (33.33% first anniversary, then quarterly 8.33% thereafter).
    • F4: Indicates an aggregate RSU figure (not detailed here).
  • Filing timeliness: Report filed 2026-05-08 for activity on 2026-05-07 and 2026-05-08 — appears timely (no late filing indicated).

Context

  • These filings reflect RSU vesting and routine sell-to-cover tax withholding rather than an independent, discretionary stock sale. The derivative code M indicates conversion/exercise of awards (here, RSUs) into common shares.
  • For retail investors: sell-to-cover transactions are administrative (to satisfy tax obligations) and generally should not be interpreted as a signal about the insider’s view of the company’s stock.