Haas Keith 4

What Happened

• Keith Haas, a director of BlueLinx Holdings Inc. (BXC), had restricted stock units (RSUs) convert to common shares and was also awarded additional RSUs. The Form 4 reports: 2,074 RSUs converted/exercised on 2026-05-19 (reported both as acquired and as disposed) and a grant of 2,749 RSUs on 2026-05-18. All transactions report $0 cash value or N/A on the form, consistent with RSU vesting/conversion mechanics rather than an open-market purchase or sale.

Key Details

• Transaction dates and types:
  • 2026-05-18: Grant/award of 2,749 RSUs (Form code A) at $0.00 (derivative award).
  • 2026-05-19: Exercise/conversion of 2,074 RSUs to shares (Form code M) — reported as both acquired and disposed; price $0.00 or N/A.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Important footnotes from the filing:
  • F1: The 2,074 conversion represents RSUs that vested on May 19, 2026; vested shares will be delivered no later than 30 days after vesting.
  • F2: Each RSU represents a contingent right to one share of common stock.
  • F3: RSUs generally vest on the first anniversary of the grant; vested shares are delivered within 30 days.
• Timeliness: Report filed 2026-05-20 for transactions on 2026-05-18 and 2026-05-19 — appears to be timely (no late filing flag).

Context

• RSUs are derivative awards that convert into shares upon vesting; the Form 4’s "exercise/conversion" entries reflect that conversion process rather than a cash purchase.
• The filing shows a same-day conversion and disposition of 2,074 shares; the form does not state the reason for the disposition (the filing does not disclose whether disposition was for tax withholding, sale, or another purpose).
• These entries are award/vesting-related transactions, which are common for executives and directors and do not by themselves indicate a personal buy or sell decision in the open market.