Rhymes Michael Anthony 4

What Happened
Director Michael Anthony Rhymes converted 10,924 restricted stock units (RSUs) into common shares on Feb 18, 2026. To cover tax withholding, 2,403 of those shares were surrendered at a reported fair market value of $13.01/share, totaling $31,263. A technical derivative entry also shows the conversion/surrender activity. On Feb 19, 2026 he was granted 9,863 additional RSUs (no cash paid).

Key Details

• Transaction dates: conversion and withholding on 2026-02-18; new RSU grant on 2026-02-19. Filing date: 2026-02-20.
• Conversion: 10,924 RSUs converted to shares (derivative exercise/conversion, code M).
• Tax withholding: 2,403 shares withheld/disposed at $13.01/share for $31,263 (code F).
• New award: 9,863 RSUs granted on 2026-02-19 (code A), $0 paid now (will convert to shares under plan terms).
• Footnote: Each RSU represents a contingent right to one share of common stock.
• Post-transaction total shares held: not specified in the provided filing excerpt — see the Form 4 for full holdings.
• Timeliness: Report filed 2/20/2026 for transactions on 2/18–2/19; appears to be filed within the standard Form 4 reporting window.

Context
This was not an open‑market sale or purchase: it was a conversion of RSUs with a routine “sell‑to‑cover” (share withholding) to satisfy tax withholding, and a subsequent RSU grant. Such tax withholding transactions are common and do not necessarily signal a change in the insider’s market view.