Bhargava Monica 4

What Happened

• Monica Bhargava, President of the Pottery Barn brand at Williams‑Sonoma (WSM), had restricted stock units (RSUs) vest on April 4, 2026. 2,700 RSUs converted into 2,700 shares (transaction code M, $0 exercise price).
• To cover tax withholding, 1,374 of those shares were withheld (transaction code F) at a per‑share value of $180.17, totaling $247,554. Net shares delivered to Bhargava from this vesting were 1,326.

Key Details

• Transaction date: April 4, 2026; Form 4 filed April 7, 2026 (reporting period 2026‑04‑04).
• Vesting/conversion: 2,700 RSUs → 2,700 shares (exercise/conversion at $0).
• Tax withholding: 1,374 shares withheld at $180.17/share = $247,554.
• Net change to insider: +1,326 shares (2,700 issued less 1,374 withheld).
• Footnotes: F1 = shares withheld to cover tax obligations; F3–F5 explain each RSU converts to one share, vests in four equal annual installments (2026–2029), and RSUs are cancelled upon vesting. F2 notes holdings in the company 401(k) per an April 4, 2026 statement (specific 401(k) share count not provided here).
• No indication in the supplied data that this was a sale or a 10b5‑1 plan.

Context

• This was a routine RSU vesting event (not an open‑market purchase or sale). The $0 exercise price and the simultaneous withholding are typical for RSUs that convert to shares and use share‑withholding to satisfy tax obligations (a cashless withholding). Such transactions are generally administrative and do not necessarily signal a change in insider sentiment.