Wafford Bill 4

What Happened

• Bill Wafford, Chief Financial Officer & Chief Accounting Officer of QVC Group, converted/exercised 3,850 derivative units (restricted stock units) on March 15, 2026. The converted shares were immediately surrendered to the issuer (net/settled) and the filing reports no cash proceeds (price reported as $0.00 / N/A).

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (timely filing).
• Reported transactions: exercise/conversion of derivative (code M) for 3,850 shares and disposition to issuer (code D) of 3,850 shares; proceeds reported as $0.00 / N/A.
• Shares owned after transaction: not specified in this filing.
• Footnotes of note:
  • F1: A 1-for-50 reverse stock split (May 22, 2025) adjusted outstanding awards.
  • F2: These were restricted stock units that were cash-settled.
  • F3: The RSU award vests in two equal installments on March 15, 2026 and March 15, 2027.
• Exhibit: Power of Attorney listed (Exhibit 24).

Context

• This appears to be a routine vesting/cash-settlement event for RSUs, with the converted shares surrendered to the company—commonly done to satisfy tax withholding or for cash settlement—so the $0 proceeds reported do not imply an open-market sale. Such net settlements are standard and not necessarily a signal of insider market sentiment.