Research Solutions (RSSS) CRO Sefton Forfeits 284,000 Shares

What Happened

• Sefton Cohen, Chief Revenue Officer of Research Solutions, reported a disposition to the issuer of 284,000 shares on 2026-07-31. The filing lists a price of $2.20 per share (284,000 × $2.20 = $624,800), but a footnote clarifies these were unvested restricted shares forfeited to the company for no consideration upon termination of employment — not a market sale.

Key Details

• Transaction date and price: 2026-07-31 at $2.20 (reported value $624,800).
• Transaction type/code: Disposition to issuer (D) — forfeiture of unvested restricted stock (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — unvested restricted shares were forfeited to the Registrant for no consideration per the award agreement upon termination.
• Filing timeliness: Form 4 filed 2026-08-03; filing is within the standard Form 4 reporting window (timely).

Context

• This was a forfeiture of unvested restricted stock upon employment termination, which is an administrative return of equity to the company rather than a buy/sell reflecting insider market sentiment. For retail investors, forfeitures like this reduce insider-held unvested compensation but do not indicate either a deliberate sell or buy decision by the insider.