NARANCICH MAX 4

What Happened
Max Narancich, COO of Carlstar (reported under Titan International, ticker TWI), had 1,461 shares of common stock withheld on June 20, 2026 to cover tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $7.54 each, for a total of $11,016. This was a withholding/tax payment (code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-20
• Transaction type/code: Tax withholding to satisfy tax liability (F) — treated as a disposition of 1,461 shares
• Price: $7.54 per share; Total value: $11,016
• Shares owned after transaction: Not specified in the filing
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding; F2 notes Narancich holds 64,334 restricted shares that vest on a schedule (23,333 on 3/10/27; 6,000 on 6/20/27; 23,334 on 3/10/28; 11,667 on 3/10/29)
• Filing timeliness: No late filing indicated on the Form 4

Context
This was a routine cashless-type withholding to meet tax obligations upon vesting of restricted stock — common and not the same as an open-market sale. Such withholding typically doesn't indicate a change in insider sentiment about the stock; it simply satisfies required payroll/tax obligations.