Beckett Thomas 4

What Happened

• Director Beckett Thomas exercised or converted derivative awards for 10,924 shares on 2026-02-18. As part of the transaction, 3,031 shares were withheld to satisfy tax obligations (valued at $13.01 per share, totaling $39,433). The filing also reports a 2026-02-19 grant of 9,863 restricted stock units (RSUs), each representing a contingent right to one share.

Key Details

• Transaction dates: 2026-02-18 (exercise/conversion and tax withholding) and 2026-02-19 (RSU grant).
• Exercise/conversion: 10,924 derivative shares (code M).
• Tax withholding/payment: 3,031 shares withheld at $13.01 per share, totaling $39,433 (code F).
• Award/grant: 9,863 RSUs granted on 2026-02-19 (code A). Footnote: each RSU = contingent right to one share.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Report filed 2026-02-20 for transactions on 2026-02-18/19 — appears to be timely (filed within typical 2-business-day window).

Context

• The 3,031-share disposal labeled as tax withholding (F) indicates a net settlement or share-withholding to cover taxes, not an open-market sale. The RSU grant is a restricted award (no immediate cash value) representing future delivery of shares if vesting conditions are met. This activity is routine compensation/settlement reporting rather than an implicit market view.