Nersesian Ronald S. 4

What Happened Ronald S. Nersesian, a director of Trimble Inc. (TRMB), exercised or converted derivatives on 2026-06-17 to acquire 3,974 shares by paying $50.78 per share, a total cash outlay of $201,800. The filing also shows a matching disposition of 3,974 derivative units at $0.00, which reflects conversion into restricted stock units (RSUs) rather than a market sale.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed late relative to the typical 2-business-day requirement).
• Exercise details: 3,974 shares acquired at $50.78 each; total cost $201,800. Transaction code M = option exercise/conversion.
• Disposition line (3,974 shares at $0.00) reflects conversion to RSUs, not a cash sale.
• Vesting: Footnote F1 — 100% of these RSUs will vest 12 months from the vest commencement date of 06/17/2025 (i.e., vest on 06/17/2026).
• Shares owned after the transaction: not specified in the supplied filing.

Context This was an exercise/conversion transaction that resulted in RSUs subject to a 12-month vesting schedule, not an immediate open-market sale — so there were no proceeds from a sale. Purchases/exercises by insiders involve cash outlay and can signal continued ownership intent, but filings do not state motivations. The Form 4 was submitted several days after the trade date, which is later than typical reporting rules require.