PATTILLO DAVID ALEXANDER 4

What Happened

• David Alexander Pattillo, a director of Endava plc (DAVA), had 1,344 derivative awards (RSUs) convert to Class A ordinary shares on March 31, 2026 (exercise/conversion, code M). A portion of the resulting shares—538—were sold in the open market on April 1, 2026 at $4.43 per share, for total proceeds of $2,383. The conversion shows $0.00 as the exercise price (typical for RSU vesting).

Key Details

• Transaction dates: 2026-03-31 (conversion/exercise of 1,344 RSU-derived shares), 2026-04-01 (open-market sale of 538 shares at $4.43).
• Sale proceeds: 538 shares × $4.43 = $2,383.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes of note:
  • F1: Class A ordinary shares may be represented by ADSs (1 ADS = 1 ordinary share).
  • F2: Each RSU represents a contingent right to one Class A ordinary share (or cash at issuer option).
  • F3: The 538 shares sold represent the number required to be sold to cover statutory tax withholding on vesting.
  • F4: The RSUs vest in two equal installments (March 31, 2026 and June 30, 2026).
• Filing timeliness: Form filed 2026-04-02; the filing does not indicate a late report.

Context

• This was primarily a conversion/vesting of RSUs (no cash exercise price) followed by a partial sale to cover tax withholding—common, routine insider activity that does not necessarily signal a view on the company’s stock. The transaction code M indicates exercise/conversion of a derivative; the subsequent open-market sale (code S) disposed of the withheld shares to meet tax obligations.