Ruda Harry E 4

What Happened

• Harry E. Ruda, a director of Canadian Solar Inc. (CSIQ), received a grant of 2,200 restricted stock units (RSUs) and had 770 RSUs convert/vest into common shares on April 2, 2026. Of those converted shares, 470 were surrendered to cover tax withholding at $13.21 per share for a total withholding value of $6,209. The filings show both the award (code A) and the conversion/exercise (code M) plus the tax withholding disposition (code F).

Key Details

• Transaction date(s): April 2, 2026 (RSU grant processed April 2; grant dated April 1 per footnote).
• Grant: 2,200 RSUs (code A); footnotes say these RSUs have no expiration date.
• Vest/Conversion: 770 derivative units converted to shares (code M).
• Tax withholding: 470 shares withheld/disposed at $13.21 each for $6,209 (code F).
• Net delivered from the conversion: based on the entries, 770 converted − 470 withheld = 300 shares remaining issued to the insider.
• Filing date: April 6, 2026 — the Form 4 was filed after the transaction date (appears late relative to the two-business-day Form 4 deadline).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• RSUs are awards that convert to company shares when they vest; the withholding of shares to cover taxes is routine and does not represent an open-market sale or purchase signal. The conversion/vesting and the award are compensatory (not a market purchase), so they reflect compensation rather than a direct bet on the stock. The late filing may be a compliance issue but does not change the economic facts reported.