Rau Jason Russell 4

What Happened

• Jason Russell Rau, Executive Vice President of National Research Corp (NRC), was granted 60,000 restricted shares on 2026-03-12. The acquisition price reported on the Form 4 is $0.00 (i.e., a compensation award), so the filing shows $0 cash paid for the shares. These are not sales or open-market purchases—they are compensation awards subject to vesting.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-13 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 60,000 restricted shares; reported acquisition price: $0.00; total cash paid reported: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Shares issued under the National Research Corporation 2025 Omnibus Incentive Plan. Vest in three equal installments on Jan 1, 2027; Jan 1, 2028; and Jan 1, 2029. Subject to forfeiture and termination provisions.

Context

• These are restricted stock awards for compensation and vest over time, so they do not represent an immediate purchase or sale and are not liquid until vesting conditions are met. Grants are routine for executives and do not by themselves indicate whether the insider expects short‑term stock movement.