HARPER MICHAEL S 4

What Happened
Michael S. Harper, Chief Product, Engineering and Marketing Officer of zSpace, had restricted stock units (RSUs) vest and convert into 2,040 shares of common stock on July 1, 2026. The filing shows two conversions: 680 shares and 1,360 shares, each reported as derivative exercises (code M) with an exercise price of $0.00. No cash was paid in these conversions; this was vesting/conversion of awards, not an open-market purchase or sale.

Key Details

• Transaction date: July 1, 2026. Filing date: July 6, 2026 (appears to exceed the usual 2-business-day Form 4 deadline).
• Shares involved: 680 shares and 1,360 shares, total 2,040 shares acquired via conversion; exercise price reported $0.00.
• Disposition entries in the form reflect the RSU derivatives being converted/cancelled (not an open-market sale of underlying shares).
• Footnotes: RSUs granted April 1, 2025 and April 1, 2026; both grants vested into shares July 1, 2026. All share/unit amounts reflect a 1-for-25 reverse stock split effective April 20, 2026.
• Shares owned after the transaction: not specified in the provided filing summary.

Context

• These transactions are vesting/conversions of RSUs (derivative instruments). That differs from a purchase (buy) or sale — it reflects compensation awards becoming common stock.
• No immediate sale of the shares is reported here, and no cash changed hands on exercise (exercise price $0).
• Vesting events are routine compensation events; they provide less direct insight into insider market sentiment than open-market purchases or sales.