Sabharwal Sunil 4

What Happened
Sunil Sabharwal, a director of Securitize Corp. (SECZ), was issued 20,111 Common Shares on July 1, 2026. The shares were received in connection with the business combination that closed that day (conversion of Securitize, Inc. common stock into Issuer Common Shares). No price or cash consideration is reported (transaction coded as an award/acquisition).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (accession 0000950103-26-010299).
• Transaction type/code: Award/other acquisition (A). Reported price: N/A.
• Shares reported: 20,111 Common Shares. The filing does not list total shares owned after the transaction.
• Footnote highlights:
  • The shares were issued in exchange for pre-merger Securitize, Inc. common shares under the business combination agreement; on July 1, 2026 the issuer changed its name to Securitize Corp. (F1).
  • The 20,111 figure includes 860 restricted Earnout Shares that may vest only if specified VWAP milestones ($15, $20, $25) are met in scheduled earnout windows between 90 days post-close and July 1, 2031 (earnout vests one‑third at each milestone) (F2).
• Filing timing: The Form 4 was filed 5 days after the transaction; insiders are typically required to file within two business days, though merger-related processing can affect timing.

Context
This was not an open-market purchase or sale but a conversion/award tied to the closing of the business combination — essentially share consideration issued to former holders of Securitize, Inc. It reflects post-merger equity allocation, and the 860 Earnout Shares are contingent on future stock-price performance, so they may never vest. Such merger-related awards are administrative and do not necessarily signal the insider’s view of the company’s near-term prospects.