Goldmeier Brian Yale 4

What Happened
Director Brian Yale Goldmeier reported conversion/exercise of a derivative relating to restricted stock units (RSUs) on June 16, 2026. The filing shows 56,250 shares acquired via conversion and an equal 56,250 shares recorded as disposed at $0.00. The acquisition reflects settlement of RSUs (each RSU equals one share per footnote).

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely).
• Reported transactions: 56,250 shares acquired (conversion of derivative, code M) and 56,250 shares disposed at $0.00 (derivative). Total cash value shown: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1—each RSU converts to one common share. F2—50% of the RSUs vest on June 16, 2026; the other tranches vest on further dates or upon price conditions. The 56,250-share conversion corresponds to the 50% tranche (implying an original award of 112,500 RSUs).
• The filing does not state the reason for the $0.00 disposal; filings like this often reflect net settlement or share surrender for withholding, but no explicit withholding detail is provided here.

Context
This was a derivative conversion of RSUs to common stock rather than an open-market purchase or sale. When RSUs vest and convert, insiders receive shares; sometimes an equal number of shares are surrendered or recorded as disposed to satisfy tax withholding or settlement mechanics. The filing’s footnotes describe the vesting schedule and price-based vesting triggers for remaining tranches.