Corcoran Breon 4

What Happened

• Director Breon Corcoran reported the withholding of 817 shares to satisfy tax withholding related to the vesting of restricted share units (RSUs). The filing shows a per-share value of $12.49, totaling $10,204 (reported as a "Disposed" amount under tax withholding code F). This was not an open-market sale but a company withholding to cover taxes.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed 4 days after the transaction — appears late under the 2-business-day Form 4 rule).
• Price reported: $12.49 per share; Reported value: $10,204.
• Shares withheld: 817 (used to satisfy tax obligations on RSU vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — issuer withheld shares to satisfy tax withholding on RSU vesting; "No shares were sold in the market as a result of the vesting."

Context

• This is a routine tax-withholding transaction tied to RSU vesting, not a discretionary sale or purchase that signals sentiment. Such withholding transactions are common and do not necessarily indicate the insider's view on the stock.