Cook Steven R. E. 4

What Happened
Steven R. E. Cook, Chief Financial Officer of Csquare, Inc. (CSQR), was granted a package of equity awards in connection with the company's IPO on July 15, 2026. The filing shows: 380,952 shares issued at $21.00 each (total value $7,999,992) and 296,547 restricted stock units (RSUs) reported at $0 (275,119 + 21,428) that are derivative awards representing rights to future common shares.

Key Details

• Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (two days after the transaction).
• Grants reported:
  • 380,952 shares issued at $21.00 each — total reported value $7,999,992 (F1).
  • 275,119 RSUs (IPO rollover RSUs) — granted under the 2026 Omnibus Incentive Plan and reported at $0 (F2, F3).
  • 21,428 RSUs — granted under the Omnibus Incentive Plan and reported at $0 (F2, F4).
• Vesting notes:
  • Of the 380,952 shares, 285,714 remain subject to time-based vesting: 1/3 vests on April 30, 2027 and on each of the next two anniversaries (F1).
  • The 275,119 IPO rollover RSUs vest in equal annual installments over five years, starting March 30, 2027 (F3).
  • The 21,428 RSUs vest in equal annual installments over three years, starting July 15, 2027 (F4).
• Shares owned after the transaction: not specified in the filing.

Context
These were awards/grants tied to the IPO (an acquisition of equity), not open-market purchases or sales. The priced share issuance ($21 each) represents immediate issuance with a reported value (~$8.0M); the RSUs are derivative awards that convert to common shares only if and as they vest. Such grants are common for senior executives as part of IPO compensation and include vesting restrictions that limit immediate liquidity.