Marx Dylan 4

What Happened
Dylan Marx, Chief Operating Officer of Canadian Solar Inc. (CSIQ), converted/ exercised derivative awards (reported as RSU/derivative conversion) resulting in 1,660 shares being issued on May 26, 2026. To satisfy tax withholding, 983 of those shares were withheld at an indicated value of $19.45 per share, totaling $19,121. The net shares retained by Marx from this event were 677 (1,660 issued − 983 withheld). The filing shows both the conversion/exercise entries (code M) and a tax-withholding disposition (code F).

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (timely; not marked late).
• Shares issued/converted: 1,660 shares at $0.00 (derivative conversion).
• Shares withheld for taxes: 983 shares at $19.45 each; total value withheld ≈ $19,121. (Disposition code F = tax withholding.)
• Net shares received: 677 shares retained after withholding.
• Shares owned after transaction: Not specified in the reported transaction lines.
• Footnote: These RSUs have no expiration date (F1).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context
This was a conversion/vesting and tax-withholding event, not an open-market buy or sale for cash. Withholdings to cover taxes are a routine administrative step and do not necessarily indicate a change in insider sentiment. Retail investors typically view purchases as stronger signals than routine conversions/withholdings.