DEMARTINO STEVEN A 4

What Happened
Steven A. DeMartino (President, CFO, Treasurer & Secretary) had 10,100 restricted stock units (RSUs) convert to common stock on May 1, 2026 (reported as exercise/conversion of a derivative). To satisfy tax withholding, 3,467 of the newly issued shares were withheld/disposed at $3.32 per share, totaling $11,510. The filing also shows the corresponding disposition/termination of the derivative interest tied to those RSUs.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (no late-filing flag indicated).
• Conversion: 10,100 RSUs converted to common shares (derivative code M).
• Tax withholding: 3,467 shares withheld/disposed to cover taxes at $3.32/share = $11,510 (code F).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: RSUs were granted May 1, 2025 under the Company’s 2014 Equity Incentive Plan, vesting 25% annually; these vested shares converted on a one-for-one basis.

Context

• Code M indicates exercise/conversion of a derivative (here, RSUs converting to common stock). Code F reflects share withholding to cover tax liabilities—this is a routine, non‑market sale.
• This is not an open‑market sale or purchase that signals buying/selling sentiment; it’s a vesting/conversion and tax-withholding event.