ENGINEER ADIL 4

What Happened
COO Engineer Adil exercised options on 10,582 shares (exercise cost $9.45/share, $100,000 total) and sold shares in the open market the same day. He sold 10,582 shares at $68.15 ($721,127) and an additional 2,503 shares at $68.34 ($171,055), for total sale proceeds of $892,182. The filing also lists a derivative disposition of 10,582 shares at $0 (see Key Details).

Key Details

• Transaction date: 2026-04-09; Form 4 filed 2026-04-10 (timely).
• Exercises: 10,582 shares exercised at $9.45 (total cash paid $100,000).
• Sales: 10,582 shares sold @ $68.15 ($721,127) and 2,503 shares sold @ $68.34 ($171,055); total proceeds ≈ $892,182.
• Derivative line: 10,582 shares listed as "Disposed" at $0 (reported as a derivative conversion).
• Footnote: Reported amounts include shares subject to unvested restricted stock units (F1).
• Shares owned after the transactions: not provided in the data supplied.

Context
Because the exercise and sales occurred the same day, this appears to be a cashless exercise pattern (options exercised and shares sold shortly after). The $0 disposition on the derivative line and the footnote about unvested RSUs suggest some shares may have been converted/withheld or otherwise accounted for relative to vesting/tax obligations; the filing does not specify details. This report is factual disclosure of the transactions and does not indicate the insider's motivation.