Fukumura Sean 4

What Happened

• Sean Fukumura, Chief Accounting Officer of FrontView REIT (FVR), had RSUs vest on March 31, 2026. A total of 19,723 RSUs converted to common shares (3,356 + 16,367). To satisfy tax withholding, 10,558 shares were withheld at $15.47 per share, generating $163,332; the net shares delivered to Fukumura were 9,165.
• This was not a purchase or market sale by the insider but the vesting/conversion of restricted stock units (an award). The withholding to cover taxes is a routine administrative disposition.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026.
• RSUs converted: 19,723 shares (3,356 and 16,367 in two line items).
• Shares withheld for taxes: 10,558 shares at $15.47 each = $163,332.
• Net shares received by insider: 9,165 shares.
• Footnotes: RSUs convert 1-for-1 under the 2024 Omnibus Equity & Incentive Plan (F1). These RSUs vested in full on March 31, 2026 (F2). The resulting shares are held in trust in a Canadian RRSP (F3).
• Filing timeliness: Form filed April 2, 2026 for a March 31 transaction; no late filing indicated in the report.

Context

• These entries reflect an award vesting and the routine tax-withholding that often accompanies RSU settlements (a form of "cashless" withholding). Such transactions are common and do not, by themselves, signal insider buying or selling intent in the open market.
• For retail investors, vested awards increase insider shareholdings (net +9,165 here), but tax-withholding reduces the gross share delivery.