Williams David Roy 4

What Happened

• Director David Roy Williams received a derivative award of 10,000 shares on 2026-03-04 at an attributed price of $6.47 per share, equal to $64,700. The transaction is recorded as an acquisition/award (Form 4 code A), not a sale.

Key Details

• Transaction date and price: 2026-03-04 at $6.47 per share; total value reported $64,700.
• Security type: Reported as a derivative award (grant/award), not an immediate open-market purchase.
• Vesting: The award vests in 36 equal monthly installments beginning 4/4/2026 (footnote F1).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing: Form 4 filed 2026-03-06 for the 3/4/2026 transaction — appears to be filed within the standard two-business-day window.

Context

• Because this is a derivative award with a scheduled vesting period, the full economic and voting rights typically are delayed until vesting/exercise; these awards are commonly used for compensation and do not on their own indicate the insider immediately bought or sold stock.