MARK RICHARD A 4

What Happened

• Mark Richard, a director of Viatris Inc., had RSUs vest/convert on March 6, 2026. The filing shows conversion/exercise entries totaling 24,835 shares acquired at $0.00 and nearly the same number (≈24,834.492) disposed at $0.00 (derivative settlement). In addition, he was granted 15,890 RSUs (no cash exchanged) that will vest on March 6, 2027.
• All reported transactions show $0.00 per share, indicating internal settlement/conversion of derivative awards rather than open-market purchases or cash sales.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filing marked late).
• Converted/acquired: 23,660 + 1,175 = 24,835 shares (exercise/conversion of derivatives) at $0.00.
• Disposed/settled: 23,660 + 1,174.492 ≈ 24,834.492 shares (listed as derivative disposals) at $0.00 — likely a settlement/withholding action tied to the vesting.
• Grant: 15,890 RSUs awarded on March 6, 2026; these RSUs vest March 6, 2027 (each RSU = 1 share).
• Dividend equivalent units (DEUs) accrued on prior RSUs were also settled/exempt under Rule 16a‑11 (per footnote).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: reported late (implication: administrative delay in disclosure).

Context

• These are derivative/RSU transactions (code M for exercise/conversion, code A for grant). The $0.00 amounts and near-equal acquired/disposed totals typically reflect conversion of RSUs and share settlement/withholding rather than a market sale or purchase that would signal buying/selling intent.
• New RSU grant (15,890) vests next year, so it is a future compensation award rather than an immediate change in tradable shares.