Clemens Jeremy Joseph 4

What Happened

• Jeremy Clemens, VP of Operations at GrafTech (EAF), converted vested restricted stock units (RSUs) into a total of 4,422 shares on Feb 25, 2026. To satisfy tax withholding, 1,569 of those shares were surrendered at $6.81 per share, totaling $10,684. The net result was 2,853 shares issued to Clemens.
• This transaction is not an open-market purchase or sale of existing shares but the settlement/vesting of equity awards (derivative conversion) with a net-share settlement used to pay taxes.

Key Details

• Transaction date: February 25, 2026; Form filed: February 27, 2026 (timely).
• Vesting/conversion: 4,422 RSU shares converted into common stock (reported as exercise/conversion of derivative, code M).
• Tax/payment withholding: 1,569 shares withheld (codes F) at $6.81 per share, total $10,684.
• Net shares retained by insider after withholding: 2,853 shares.
• Footnotes: RSUs convert 1-for-1 to common stock (F1); amounts are post 1-for-10 reverse split on Aug 29, 2025 (F2). Grants originated in 2022, 2023 and 2025 with staggered vesting schedules and dividend-equivalent accruals; cash dividend has been suspended (F3–F5).
• No indication of a 10b5-1 plan or late filing in the Form 4 (filed within the required reporting window).

Context

• This is a routine RSU vesting and net-share settlement to cover tax obligations, not an open-market sale or purchase. For retail investors, purchases or direct open-market buys by insiders are often more informative of bullish sentiment; vesting and tax-withholding events are common compensation mechanics and do not by themselves indicate a change in insider conviction.