Dietz Thomas John 4

What Happened

• Director Thomas John Dietz received a grant of 100,000 restricted stock units (RSUs) on July 1, 2026. The grant was reported at $0.00 per RSU (issued for no consideration) under the Company's 2025 Equity Incentive Plan. These RSUs are a derivative award that will convert into common stock if and when they vest.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
• Award: 100,000 RSUs granted at $0.00 per unit (code A = Award).
• Vesting: RSUs vest on June 15, 2027.
• Settlement: RSUs will be settled 1-for-1 into common stock no later than the 15th day of the third calendar month after the calendar year of grant (subject to tax withholding).
• Plan: Issued under the Company’s 2025 Equity Incentive Plan for no cash consideration.
• Shares owned after transaction: Not specified in the filing.
• Tax/withholding: Settlement subject to applicable tax withholding (see footnote).

Context

• RSUs are a forward-looking equity award, not an immediate purchase of shares; they convert to actual shares only after vesting and settlement. Such grants are common for compensation and do not by themselves signal a buy/sell decision. This was an award grant to an insider (director), not a sale or open-market purchase.