Hosseini Hesam 4
Research Summary
AI-generated summary
Match Group (MTCH) COO Hesam Hosseini Converts RSUs, Withholds Shares
What Happened
- Hesam Hosseini, COO of Match Group, converted a total of 89,647 restricted stock units (reported as derivative exercises/conversions) into common stock on March 1, 2026. To cover tax withholding/tax liability, 30,634 of those shares were surrendered (disposed) at $31.60 per share for total proceeds withheld of $968,034. Net shares received after withholding: 59,013.
- Using the $31.60 per-share value shown for the withheld shares, the gross value of the converted shares is about $2,832,845 and the net holdings retained are worth roughly $1,864,811. The transaction lines include $0 derivative dispositions reflecting the RSU-to-stock conversion.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filed timely).
- Conversion (code M): 5 conversion entries totaling 89,647 shares.
- Tax withholding (code F): 3 withholding/disposal entries totaling 30,634 shares at $31.60/share = $968,034.
- Net shares retained: 59,013 shares (89,647 converted − 30,634 withheld).
- Shares owned after transaction (total beneficial ownership): Not specified in the provided filing data.
- Relevant footnotes: RSUs and dividend equivalents convert 1-for-1 to common stock; various RSU vesting schedules noted (vesting in equal installments on March 1 of 2024–2027 and other staged schedules per F3–F7).
- Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld).
- No 10b5-1 plan or late-filing flag reported in the provided data.
Context
- This was a routine vesting/conversion of restricted stock units with shares withheld to satisfy tax obligations (a common, administrative transaction), not an open-market sale. The $0 derivative-disposal lines reflect the conversion of RSUs into common stock rather than a cash sale.