STEPHENS WILLIAM BRADFORD 4

What Happened

• Brad Stephens, listed as a director, received three awards/conversions of common shares in Securitize Corp. on July 1, 2026: 1,685,957; 7,154,134; and 1,430,804 shares, for a total of 10,270,895 Common Shares. No per-share price is reported (N/A) because these shares were issued in exchange for prior Securitize, Inc. common stock as part of the mergers closing that day. The issuer also changed its name to Securitize Corp. on July 1, 2026.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (per SEC accession).
• Share counts: 1,685,957; 7,154,134; 1,430,804 — total 10,270,895 Common Shares reported as acquired/awarded.
• Price: N/A (shares issued in merger conversion, not an open-market trade).
• Contingent/earnout shares: the reported totals include up to 439,472 Earnout Shares that may vest if VWAP milestones ($15, $20, $25 over 30 trading days) are met during the earnout period (begins 90 days after closing and ends July 1, 2031).
• Footnote on ownership: the filing describes indirect voting/dispositive power through Blockchain Capital fund GP entities; the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Shares owned after transaction: not specified in the summary data provided in this request.

Context

• This was not a purchase or sale but a conversion/award tied to the closing of a business combination (merger). Such filings reflect corporate actions converting pre-merger equity into the public company’s shares and may include performance-based earnouts; they are not direct insider market-timing signals.
• Earnout shares are contingent on share-price performance over specified VWAP windows through July 1, 2031, so a portion of the reported total is conditional.