Sharma Vivek 4

What Happened

• Vivek Sharma, a director of JetBlue Airways (JBLU), executed option exercises and received a director stock award on March 10, 2026. The filing shows an exercise/conversion of 22,094 derivative shares and a contemporaneous disposition of 22,094 shares (same-day sale), and a grant of 29,867 restricted stock units (RSUs). No dollar prices or values are disclosed in the Form 4.

Key Details

• Transaction date: March 10, 2026. Filing date: March 12, 2026 (no late filing indicated).
• Exercises/Conversions: 22,094 shares (transaction code M); simultaneous disposition of 22,094 shares (transaction code M) — the matching acquire+dispose pattern is consistent with a cashless exercise or immediate sale to cover exercise cost/taxes, though the filing does not state motives.
• Grant/Award: 29,867 director RSUs (transaction code A); these are derivatives that convert to one share of common stock per RSU upon vesting (see footnote F1).
• Vesting: Footnotes state director RSUs vest on the one‑year anniversary of the grant date — March 10, 2026 for the reported grant (F2). Another footnote (F3) references vesting on the one‑year anniversary of a March 10, 2025 grant (likely for previously awarded RSUs).
• Prices/values: Prices shown as N/A in the filing; total values are not disclosed.
• Shares owned after the transactions: not disclosed in this Form 4.

Context

• For retail investors: the filing shows both an option exercise with same‑day sale (typically a neutral/liquidity action) and the receipt of RSUs (a compensation/retention award that vests later). RSU grants indicate potential future ownership if and when they vest, while same‑day sales after exercise are common and do not necessarily signal negative views on the company.