JOHNSTON PAUL R 4

What Happened

• Paul R. Johnston, a director of Exponent, converted vested restricted stock units (RSUs) into 4,018 shares of common stock on June 3, 2026. The Form 4 shows two derivative conversion entries of 2,009 shares each; one entry reports acquisition (conversion) and the other reports a disposition of 2,009 shares. No per-share price or total dollar value is disclosed in the filing.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-04 (no late filing indicated).
• Shares converted: 4,018 total (two entries of 2,009 shares).
• Shares disposed: 2,009 (filing does not state the reason for disposition).
• Price/value: Not reported (N/A) in the Form 4.
• Footnotes: F1 — reflects conversion of vested RSUs granted June 5, 2025 on a 1:1 basis; F3 — 1-for-1 conversion. F2 — not applicable.
• Shares owned after transaction: Not specified in the provided filing data.

Context

• The filing uses derivative transaction code M (exercise/conversion). This indicates vested RSUs were converted into common stock rather than an open-market purchase. The reported disposition of 2,009 shares could reflect tax withholding or other transfer, but the Form 4 does not state the purpose, so no assumption is made. Conversions of vested awards are common and do not necessarily signal a change in insider sentiment.