HARPER MICHAEL S 4

What Happened

• Michael S. Harper, Chief Product, Engineering and Marketing Officer of zSpace (ZSPC), had a derivative conversion/exercise on 2026-04-01 that resulted in 17,000 shares acquired at $0.00 and a simultaneous disposition of 17,000 derivative shares (disposition details reported as N/A). On the same date he was reported as the recipient of a new award of 136,000 restricted stock units (RSUs).
• The 17,000 shares reflect a conversion/vesting event (acquired at $0.00). The 136,000 RSUs are granted (no cash price reported) and are subject to future vesting conditions.

Key Details

• Transaction date: April 1, 2026 (Form 4 filed April 6, 2026 — filing appears late).
• Transactions reported:
  • Exercise/conversion (M): 17,000 shares acquired at $0.00.
  • Exercise/conversion (M): 17,000 shares disposed (derivative; price N/A).
  • Grant/Award (A): 136,000 RSUs awarded (derivative; no price).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: 17,000 RSUs were awarded on April 1, 2025 and vested into shares on April 1, 2026 (explains the conversion/acquisition).
  • F2: The 136,000 RSUs vest in four equal quarterly installments (25% each) beginning July 1, 2026, subject to continuous service.
• Timeliness: The Form 4 was filed April 6 for transactions on April 1 — this appears to be a late filing (may affect SEC timeliness disclosures).

Context

• These transactions mainly reflect RSU vesting/award activity rather than an open-market purchase or sale that signals a cash investment or liquidation. The 17,000-acquire/17,000-dispose sequence reflects a conversion/settlement of derivative awards; the filing does not detail whether the disposition was a sale, tax withholding, or other transfer.
• The 136,000 RSUs are future-service–conditioned awards (vesting quarterly over one year), so they are not immediately liquid shares.