XBP Director Reynolds James Receives 55,031 RSU Award

What Happened
Reynolds James, a director of XBP Global Holdings, Inc. (XBP), was granted 55,031 restricted stock units (RSUs) on September 17, 2026. The Form 4 reports the award as an acquisition at $0.00 per share (typical for RSU grants); the RSUs convert to shares only if and when they vest.

Key Details

• Transaction date: 2026-09-17; reported on Form 4 filed 2026-09-21 (timely filing).
• Transaction type/code: Award/Grant (A). Price reported: $0.00 (RSU grant, not a cash purchase).
• Number of RSUs granted: 55,031. Vesting: scheduled to vest in full on August 1, 2027 (Footnote F1).
• Shares owned after the transaction: not specified in the filing.
• Notable footnote (F2): A 1-for-10 reverse split on Dec 12, 2025 reduced the reporting person's common stock count by 396,644 shares (this included previously granted RSUs).
• This was a compensation award, not a sale or open-market purchase.

Context
RSUs are a form of equity compensation that become actual shares only upon vesting; they do not represent an immediate cash investment or sale. Such awards are commonly used for director/executive pay and do not, by themselves, signal insider buying or selling intent.