Arabia John V 4

What Happened
John V. Arabia, a director of Janus Living, acquired shares on 2026-03-23. He purchased 60,000 shares at $20.00 each (totaling $1,200,000) from the IPO underwriters. In addition, he was granted 2,500 vested shares in connection with the IPO and 5,000 restricted stock units (RSUs) as annual director compensation (RSUs convert 1-for-1 into common shares upon vesting).

Key Details

• Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-24). Filing appears timely.
• Purchases/grants: 60,000 shares purchased @ $20.00 (P) = $1,200,000; 2,500 vested shares @ $0.00 (A); 5,000 RSUs @ $0.00 (A).
• Immediate shares acquired: 62,500 (60,000 purchased + 2,500 vested). The 5,000 RSUs are unvested and convert to shares upon vesting.
• Footnotes: F1 = 2,500 vested IPO shares; F2 = 5,000 RSUs (vest on earliest of 1st anniversary, next annual meeting, or death/disability); F3 = 60,000 shares purchased from IPO underwriters.
• Shares owned after the transaction: not specified in the filing excerpt provided.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding sale in the reported entries.

Context
The $1.2M purchase was an IPO allocation from underwriters (not a secondary market trade), which is often part of insider participation at IPO pricing. The 2,500 shares were granted vested (immediate ownership); the 5,000 RSUs are a standard form of director compensation that will convert to shares when they vest. These entries are factual disclosures and do not, by themselves, indicate the director’s future views on the company.