Reformation (REF) CFO Joshua Moore Receives RSU Award

What Happened

• Joshua Moore, CFO of Reformation Inc. (REF), was granted multiple restricted stock unit (RSU) awards on July 29, 2026. The filing lists four awards totaling 315,830 RSUs (all granted at $0): 14,666; 160,000; 82,333; and 58,831 (the last shown as derivative). A filing footnote also states 324,781 shares of common stock are underlying RSUs. These are grants/awards (not purchases or sales) and represent a right to receive shares if/when the RSUs vest or settle.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Price: $0.00 per RSU (awarded, no cash exchanged at grant).
• Grant breakdown (per filing):
  • 14,666 RSUs — fully vested RSUs; settlement within 30 days after IPO lock-up expiration or by March 15, 2027 (Footnote F1).
  • 160,000 RSUs — vest in two equal annual installments (Footnote F2).
  • 82,333 RSUs — vest in three equal annual installments (Footnote F3).
  • 58,831 RSUs — listed as derivative/RSU (part of the awards).
• Filing footnote (F4) indicates 324,781 shares of common stock underlying RSUs (filing-level total note).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No sale or exercise reported; these are retention/incentive awards, not dispositions. No indication of a late filing.

Context

• RSUs are a deferred-compensation award that convert to actual shares only upon vesting/settlement; they don’t represent immediately tradeable stock. Grants like these are commonly used to retain executives and align long-term incentives; they do not necessarily signal a near-term market view by the insider.