RICHARDSON KAREN A 4

What Happened

• Karen A. Richardson, a director of Exponent, converted 2,009 vested restricted stock units (RSUs) into common shares on 2026-06-03 (reported as a derivative exercise/conversion). The Form 4 also shows a corresponding disposition of 2,009 derivative shares the same day (no price reported). On 2026-06-04 she was granted 2,859 new restricted stock units (reported as an award); no purchase or sale price is reported for these transactions.
• These actions are awards/conversions rather than open-market purchases or cash sales; awards and RSU conversions are often routine compensation events rather than explicit bullish or bearish trading by the insider.

Key Details

• Transaction dates: 2026-06-03 (conversion/disposition of 2,009 RSUs), 2026-06-04 (grant of 2,859 RSUs).
• Prices: N/A (no cash prices or dollar amounts reported on the Form 4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The June 3 conversion reflects vested RSUs (granted June 5, 2025) converting 1-for-1 into common shares.
  • F3: 1-for-1 conversion ratio.
  • F4: The newly granted RSUs will cliff-vest on the day prior to the company’s next annual shareholder meeting.
• Filing timeliness: Reported on 2026-06-04 for transactions on 2026-06-03 — appears timely (no late filing indicated).

Context

• The June 3 entries reflect conversion of vested RSUs to shares; the paired disposition entry is recorded on the Form 4 but the filing does not specify whether that disposition was a sale, tax-withholding, or other transfer.
• The June 4 entry is a grant of new RSUs that will cliff-vest at the next annual meeting — a standard form of director compensation and not an immediate market purchase signal.