Reformation (REF) COO Ivan Tchakarov Sells 49,161 Shares to Issuer

What Happened
Ivan Tchakarov, Chief Operating Officer of Reformation (REF), received multiple equity awards on 2026-07-29 and then transferred (disposed) derivative shares back to the issuer on 2026-07-31. The filing shows two RSU grants totaling 166,666 shares (133,333 and 33,333 RSUs) and an additional derivative award of 58,831 units (zero-dollar grant). On 2026-07-31 he disposed of 37,396 derivative shares and 11,765 derivative shares to the issuer at $13.95 per share, receiving $521,674 and $164,122 respectively (total proceeds ≈ $685,796).

Key Details

• Transaction dates: Grants on 2026-07-29; dispositions to issuer on 2026-07-31.
• Prices/values: Dispositions at $13.95/share; total cash received ≈ $685,796 (37,396 × $13.95 = $521,674; 11,765 × $13.95 = $164,122). Grants reported at $0.00 per share (typical for RSUs).
• Vesting notes: Footnotes indicate (F1) one RSU award vests in two equal annual installments; (F2) another vests in three equal annual installments; (F3) confirms 166,666 shares underlying RSUs. Other footnotes describe option vesting schedules (F4) and fully vested options (F6).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Filing timeliness: Filing dated 2026-07-31 for transactions on 2026-07-29 — appears timely (no late-filing flag noted).

Context

• The 7/29 entries are awards (RSUs/derivative grants) — these are compensatory equity grants, not open-market purchases. Such grants vest over time and do not by themselves indicate a buy signal.
• The 7/31 "Disposition to the issuer" means shares were transferred back to the company at $13.95/share (commonly done for share repurchase or net settlement/tax withholding), rather than an open-market sale. The filing does not specify the reason for the disposition.
• All statements above are factual summaries of the Form 4 transactions; the filing does not state motivations.