Nalley Lisa A 4

What Happened

• Lisa A. Nalley, Chief of Staff and Senior VP, Human Resources, exercised 35,000 vested stock options and immediately sold the resulting 35,000 shares. The options were exercised at $6.37 per share (cost $222,950) and the shares were sold in a registered public offering at $58.75 per share for gross proceeds of $2,056,250. Net proceeds after the exercise cost were roughly $1.83M before any underwriting discounts/commissions and taxes.

Key Details

• Transaction date: June 5, 2026.
• Exercise: 35,000 shares exercised at $6.37 each (total $222,950). Footnote F2: these options are fully vested.
• Sale: 35,000 shares sold at $58.75 each (gross proceeds $2,056,250). Footnote F1: sale was pursuant to a registered public offering that closed June 5, 2026; price shown is before underwriting discounts and commissions.
• Derivative entry: a related option conversion/derivative disposition is reported at $0 reflecting the exercise/conversion event.
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: report covers and was filed on 2026-06-05 (no late filing indicated).

Context

• This was an exercise-and-sell (cashless-style) transaction: the insider converted vested options into shares and sold those shares the same day in a registered offering. Such transactions are commonly used by insiders to realize gains from vested option awards; they do not by themselves indicate the insider’s ongoing view of the company.