Cohen Sefton 4

What Happened
Sefton Cohen, Chief Revenue Officer of Research Solutions, received an award of 80,000 restricted shares (RSAs) on March 18, 2026. The award was recorded at $2.29 per share, for a total grant value of $183,200. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18 (reported on Form 4 filed 2026-05-06) — filing was later than the transaction date.
• Price: $2.29 per share; total value = 80,000 × $2.29 = $183,200.
• Shares owned after transaction: Not specified in the supplied filing data.
• Grant type and vesting (per footnote): RSAs vest 1/3 on March 18, 2027, then 1/12 of the total award vests on the last day of each quarter beginning March 31, 2027 until fully vested.
• Transaction code: A = Award/Grant.
• No indication in the filing that shares were sold or subject to immediate disposition.

Context
This is a time-based restricted stock award, which vests over roughly one year starting March 18, 2027 (initial 1/3 vest) and then in quarterly installments. Awards are common for executive compensation and do not itself signal a near-term buying or selling decision by the insider; vesting ties future ownership to continued service. The filing date (May 6, 2026) is after the transaction date (March 18, 2026), so public disclosure was delayed.