Simulations Plus, Inc.: director Evans Sharlene sold 17,173 shares

What happened

• Evans Sharlene, director, disposed of 17,173 shares to the issuer at $18.50 per share on Oct 6, 2026, resulting in $317,701 reported as disposed.
• The Form 4 reports the disposition was made pursuant to the agreement and plan of merger described in the filing (see footnotes).

Key details

• Transaction date and price: Oct 6, 2026 at $18.50 per share.
• Transaction code: D (disposition to the issuer).
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes:
  • F1: Disposition pursuant to the Agreement and Plan of Merger dated Jun 15, 2026 among Simulations Plus, Inc., SP Evolution HoldCo II, LLC and SP Evolution BidCo II, LLC; Merger Sub merged with and into the issuer, with the issuer surviving as a wholly owned subsidiary of Parent.
  • F2: At the effective time of the merger, each issued and outstanding share (other than certain excluded shares) was automatically converted into the right to receive $18.50 in cash, without interest.
• Filing timeliness: not indicated in the information provided.

Why it may matter

• The filing shows the shares were disposed to the issuer under the merger agreement and converted into cash at $18.50 per share, rather than sold on the open market.
• This filing does not show why the insider traded or why the company acted.