Hartley Lindsey Marie 4

What Happened

• Hartley Lindsey, Chief Financial Officer of Axogen, had restricted stock units (RSUs) convert to common shares on March 16, 2026. The filing shows conversion/exercise (derivative code M) of a total of 18,000 RSUs into common stock (price $0.00 per share).
• To satisfy tax withholding on the vesting event (code F), the issuer withheld 1,574 shares (valued at $32.84 each, $51,690) and 1,968 shares (valued at $32.84 each, $64,629) — a total of 3,542 shares withheld for taxes (~$116,319). Net shares delivered to Lindsey = 18,000 − 3,542 = 14,458 shares.
• This was a vesting/settlement of equity awards (not an open-market sale or a purchase).

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (within the typical two-business-day reporting window).
• Conversion entries show $0.00 per share (RSU settlement); withholding entries priced at $32.84 per share.
• Withheld shares (3,542) were retained by the issuer to satisfy tax obligations and do not represent an open-market sale (footnote F2).
• Each RSU equals one share upon settlement (F3). Footnotes indicate these RSUs were fully vested as of March 16, 2026 (F5).
• The filing does not state total company shares owned by Lindsey after the transaction beyond the net shares delivered.

Context

• This is a routine equity award vesting and net settlement for taxes (cashless/net settlement), not a buy or a market sale. Such transactions reflect compensation vesting rather than a direct insider purchase or deliberate disposition in the open market.
• For retail investors, purchases or open-market sales by insiders can be more informative about sentiment; here the key takeaway is the number of vested shares and the tax withholding, not a trading decision.