Insight Holdings Group, LLC 4

What Happened
Insight Holdings Group, LLC (reported as a 10% owner) converted a total of 426,171 derivative securities into common stock and immediately sold those shares in open-market transactions on July 7 and July 9, 2026. The insider sold 244,672 shares on July 7 at $90.23 (proceeds $22,075,849) and 181,499 shares on July 9 at prices of $90.17–$91.00 (proceeds $16,371,109), for aggregate proceeds of approximately $38,446,958. These transactions are sales (not purchases) and therefore are not a bullish purchase signal.

Key Details

• Transaction dates and prices: July 7, 2026 — 244,672 shares sold @ $90.23; July 9, 2026 — 181,499 shares sold @ $90.17–$91.00.
• Total shares converted and sold: 426,171 shares. Total reported proceeds: ~$38.45 million.
• Shares owned after transaction: Not specified in the provided filing data.
• Derivative activity: The filing shows conversions of derivative securities (no per-share price for conversion entries), followed by open-market sales of the resulting common shares. This is effectively a conversion/exercise then sale.
• Footnotes: Multiple footnotes (F1–F12) reference Exhibit 99.1 for additional details.
• Filing timeliness: Form 4 was filed July 9, 2026 for transactions on July 7 and July 9; this appears to be a timely report (Form 4 is generally due within two business days).

Context
Conversion of derivative securities means the holder exchanged warrants/convertible instruments for common shares, then sold those shares in the market. As a 10% institutional owner (not an officer or director), these transactions reflect institutional liquidity activity rather than an executive purchasing or selling personal stock for company-related reasons. The filing is factual; do not infer insider sentiment or company outlook solely from these sales.