Canadian Solar (CSIQ) COO Dylan Marx Exercises Options, Pays Taxes

What Happened Dylan Marx, Chief Operating Officer of Canadian Solar (CSIQ), exercised or converted a derivative on May 13, 2026 to acquire 2,717 common shares at an exercise price of $0.00. To satisfy tax withholding related to that exercise, 1,604 shares were withheld/disposed at $19.83 per share, representing approximately $31,807. The Form 4 filed May 28, 2026 is an amended filing to correct a clerical error in the reported number of common shares beneficially owned.

Key Details

• Transaction date: 2026-05-13 (reported on amended Form 4 filed 2026-05-28).
• Exercise: 2,717 shares acquired, exercise price $0.00 (code M = exercise/conversion of derivative).
• Tax withholding: 1,604 shares withheld/disposed at $19.83 each, total ~$31,807 (code F = payment of exercise price or tax liability).
• Filing note: This Form 4 is amended solely to correct a clerical error in Mr. Marx’s beneficial ownership; consult the amended filing for updated post-transaction holdings.
• No 10b5-1 or other trading-plan notation was reported in the summary provided.

Context

• This was an option/derivative exercise (code M). The withholding of 1,604 shares to cover taxes (code F) is a routine administrative step and not the same as an open-market sale—shares were used to satisfy tax obligations.
• Exercises increase an insider’s direct share count but do not necessarily signal a buying conviction like a cash purchase; tax withholding is common following exercises.