Reddy Shyam K. 4
4 · BlueLinx Holdings Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
BlueLinx CEO Reddy Shyam K. Converts RSUs; Shares Withheld
What Happened
Reddy Shyam K., President and CEO of BlueLinx Holdings, converted vested restricted stock units (RSUs) in early June 2026. On June 6 and June 7, 2026 a total of 19,190 RSUs converted into common shares (8,659; 5,411; 5,120). To satisfy tax withholding obligations, the company withheld a total of 8,549 shares (3,857; 2,411; 2,281), resulting in cash withheld of $194,007, $121,273 and $114,734 respectively (total ≈ $430,014). Net shares delivered to the insider after withholding were 10,641 shares. In addition, on June 5, 2026 the reporting person was granted additional RSU awards totaling 79,523 units (three separate grants) that vest under future schedules.
Key Details
- Transaction dates: Grants on 2026-06-05; RSU conversions on 2026-06-06 and 2026-06-07.
- Prices/values: Withheld shares valued at $50.30 per share; total tax withholding ≈ $430,014 (per filing line items). Conversion/derivative entries show $0 for the RSU-to-share conversion itself.
- Shares acquired (converted): 19,190 shares (8,659; 5,411; 5,120).
- Shares withheld (taxes): 8,549 shares (3,857; 2,411; 2,281).
- Net shares delivered: 10,641 shares.
- New RSU grants: 79,523 RSUs granted on 2026-06-05 with differing vesting schedules (see footnotes).
- Footnote highlights:
- Each RSU equals a contingent right to one share (F2).
- Some RSUs vested and converted in June 2026 (time‑based, with multi‑year vest schedules) and shares were withheld to satisfy tax obligations (F1–F7).
- Additional RSU grants vest over future dates (some commencing 2027, others vesting in 2029) and have transfer restrictions (F8–F10).
- Filing timing: Report filed 2026-06-09 covering transactions in early June 2026; no late‑filing flag was provided in the supplied data.
Context
- These transactions are RSU conversions with a sell‑to‑cover (shares withheld) tax settlement — not an open‑market sale signaling directional trading. Derivative code M indicates conversion/exercise of RSUs; code F denotes shares withheld to cover taxes.
- For retail investors, conversions and withholding are typically administrative (compensation taxed at vesting) rather than a direct buy/sell signal about the insider’s market view.
Insider Transaction Report
Form 4
Reddy Shyam K.
President and CEO
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-06+8,659→ 52,743 total - Tax Payment
Common Stock
[F3]2026-06-06$50.30/sh−3,857$194,007→ 48,886 total - Exercise/Conversion
Common Stock
[F4][F2]2026-06-07+5,411→ 54,297 total - Tax Payment
Common Stock
[F5]2026-06-07$50.30/sh−2,411$121,273→ 51,886 total - Exercise/Conversion
Common Stock
[F6][F2]2026-06-07+5,120→ 57,006 total - Tax Payment
Common Stock
[F7]2026-06-07$50.30/sh−2,281$114,734→ 54,725 total - Exercise/Conversion
Restricted Stock
[F2][F1]2026-06-06−8,659→ 17,317 total→ Common Stock (8,659 underlying) - Exercise/Conversion
Restricted Stock
[F2][F4]2026-06-07−5,411→ 0 total→ Common Stock (5,411 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-06-07−5,120→ 5,120 total→ Common Stock (5,120 underlying) - Award
Restricted Stock Units
[F2][F8]2026-06-05+39,761→ 39,761 total→ Common Stock (39,761 underlying) - Award
Restricted Stock Units
[F2][F9]2026-06-05+9,941→ 9,941 total→ Common Stock (9,941 underlying) - Award
Restricted Stock Units
[F2][F10]2026-06-05+29,821→ 29,821 total→ Common Stock (29,821 underlying)
Footnotes (10)
- [F1]Represents the conversion of restricted stock units that vested on June 6, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 6, 2026.
- [F10]These are time-based restricted stock units that vest on June 5, 2029. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date. The Reporting Person is not permitted to sell, transfer, pledge, or assign these restricted stock units for a period of two (2) years from June 5, 2029.
- [F2]Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
- [F3]These shares were withheld to cover tax withholding obligations when 8,659 time-based restricted stock units vested on June 6, 2026.
- [F4]Represents the conversion of restricted stock units that vested on June 7, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 7, 2024.
- [F5]These shares were withheld to cover tax withholding obligations when 5,411 time-based restricted stock units vested on June 7, 2026.
- [F6]Represents the conversion of restricted stock units that vested on June 7, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 7, 2025.
- [F7]These shares were withheld to cover tax withholding obligations when 5,120 time-based restricted stock units vested on June 7, 2026.
- [F8]These are time-based restricted stock units that vest in three equal annual installments commencing on June 5, 2027. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date.
- [F9]These are time-based restricted stock units that vest on June 5, 2029. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date.
Signature
/s/ Christin Lumpkin, as attorney-in-fact for Shyam K. Reddy|2026-06-09