Marx Dylan 4

What Happened

• Dylan Marx, Chief Operating Officer of Canadian Solar Inc. (CSIQ), converted/exercised 2,717 derivative awards (RSUs) into common shares on 2026-05-13. To satisfy tax withholding, 1,604 of those shares were surrendered at $19.83 each, totaling $31,807. The conversion resulted in a net issuance of 1,113 shares to Marx.
• This was not an open-market purchase or sale of stock but a routine conversion/settlement of equity awards; the tax-withholding is a common administrative step, not necessarily a market sentiment signal.

Key Details

• Transaction date: 2026-05-13 (reported on Form 4 filed 2026-05-14 — timely filing)
• Conversion/exercise: 2,717 derivative units converted (reported under Form 4 code M) at $0.00 reported per-unit exercise price
• Tax withholding/disposition: 1,604 shares withheld (code F) at $19.83 each = $31,807
• Net shares received by insider: 1,113 shares (2,717 converted − 1,604 withheld)
• Footnote: The awards are RSUs and have no expiration date (F1)
• Shares owned after transaction: not specified in the excerpt of this filing

Context

• For retail investors: this is a conversion of equity awards (RSUs) with shares withheld to cover tax liabilities — a routine administrative transaction rather than an open-market buy or sell. The filing shows no open-market sale or 10b5-1 plan; it simply documents settlement of equity compensation.