PATTILLO DAVID ALEXANDER 4

What Happened

• David Alexander Pattillo, a director of Endava plc (DAVA), had 1,344 restricted share units (RSUs) vest on June 30, 2026 and those RSUs converted into 1,344 Class A ordinary shares. On the same date, 269 shares were sold in the open market for a weighted average price of $2.87–$2.89, generating approximately $777. The filing also reports a related derivative disposition of 1,344 shares at $0, reflecting the tax/settlement treatment tied to the RSU vesting.

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 2, 2026.
• Open-market sale: 269 shares disposed at a weighted average price $2.87–$2.89; total proceeds ≈ $777 (footnote clarifies range and availability of per-trade prices).
• RSU activity: 1,344 RSUs vested and converted into 1,344 Class A ordinary shares (footnote F5). A matching 1,344-share derivative disposition at $0 relates to tax/settlement treatment (footnote F3 describes shares required/sold to cover statutory tax withholding).
• Shares owned after these transactions: not specified in the provided filing extract.
• Footnotes: F1 — ADS representation; F2 — each RSU = right to one Class A share or cash; F3–F5 — explain withholding, price range, and vesting date.
• Filing timeliness: Form 4 filed July 2, 2026 (no late‑filing indicator shown in the provided data).

Context

• This was not a purchase signal: the primary activity was RSU vesting (a non‑market event) and related tax/settlement actions, plus a small open‑market sale to cover obligations. The derivative/vesting entries indicate a conversion of RSUs into shares, with shares withheld/sold to satisfy withholding rather than an outright investment decision. The cash proceeds reported ($777) are modest and generally considered routine in insider filings.