LICO JAMES A 4

What Happened

• James A. Lico, a director of PTC Inc. (PTC), had 410 derivative units convert to shares on Feb 11, 2026 (recorded as an exercise/conversion) and those 410 shares were then recorded as disposed at $0.00 the same day. He also received a grant of 1,703 restricted stock units (RSUs) on Feb 11, 2026 recorded at $0.00.
• All transactions show a $0.00 per-share price (no cash paid). The 410 units represent vested, time‑based RSUs that converted/settled; the 1,703 RSUs are a new time‑based award that will vest in the future.

Key Details

• Transaction dates: Feb 11, 2026 (reported on Form 4 filed Feb 12, 2026). Filing appears timely (no late filing flag).
• Codes: M = exercise/conversion of derivative; A = grant/award. Entries show 410 shares converted (acquired) and 410 shares disposed (both at $0.00), plus 1,703 RSUs granted at $0.00.
• Shares/derivatives owned after transaction: filing shows 1,703 RSUs (derivative securities) beneficially owned following these entries (per footnote).
• Relevant footnotes:
  • Each RSU equals a contingent right to one share (F1).
  • The 410 RSUs derived from a time‑based grant made Oct 13, 2025 that vested Feb 11, 2026 (F2).
  • The 1,703 RSUs were granted Feb 11, 2026 and vest at the earlier of PTC’s 2027 Annual Meeting or Mar 15, 2027 (F3).
  • Footnote indicates the reported amount is the total number of derivative securities beneficially owned (F4).

Context

• These entries involve RSU vesting/grant activity (derivative securities), not an open‑market purchase or sale for cash. The conversion + $0.00 disposition pattern is commonly used to reflect settlement/withholding of vested RSUs (e.g., to cover taxes) rather than an executed market sale, but the Form 4 itself reports only the conversion and disposition amounts/prices.
• Awards and vesting are routine director compensation and do not, by themselves, indicate a change in insider sentiment. Purchases (cash paid to acquire shares) are generally more indicative of a bullish signal than routine vesting or award grants.