Barreto Espantoso Luis M 4

What Happened

• Luis M. Barreto Espantoso, Sinda Ltd.'s Chief Financial Officer, was granted two equity awards on June 29, 2026: 208,334 restricted stock units (RSUs) and 416,667 derivative awards reported as a grant (stock options). Both grants show an acquisition price of $0.00 (typical for compensation awards) and were reported on a Form 4 filed July 1, 2026. These are awards (not open‑market purchases or sales) and do not represent immediate cash proceeds.

Key Details

• Transaction date: 2026-06-29; Filing date: 2026-07-01 (filed timely).
• Grants: 208,334 RSUs (code A) and 416,667 derivative awards (code A); reported acquisition price $0.00.
• Vesting: Both awards vest 25% on each of the first four anniversaries of the grant date (see footnotes F1 and F2).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Footnotes: F1 describes the RSUs (each RSU converts to one share upon vesting). F2 describes the derivative award as stock options with a 4‑year 25% annual vesting schedule.

Context

• RSUs deliver shares only as they vest (no exercise required); option-style derivative awards typically require exercise before receiving shares. Because these are compensation grants with multi‑year vesting, they are routine retention/compensation events rather than immediate market bets by the insider.