OLEARY JAMES 4

What Happened

• James O'Leary, Executive Chair, President & CEO of DMC Global (ticker: BOOM), had 72,040 restricted stock units (RSUs) vest on July 1, 2026. The RSUs were cash-settled at $6.26 per unit, producing a cash payment of $450,970. No common shares were issued to O'Leary as part of this settlement.
• The Form 4 shows derivative conversion entries (code M) and a disposition to the issuer (code D); these reflect the cash settlement process rather than an open-market sale of shares.

Key Details

• Transaction date: July 1, 2026.
• Settlement amount: 72,040 RSUs × $6.26 = $450,970 (cash).
• Reported Form 4 filing date: July 6, 2026 (appears later than the typical 2-business-day Form 4 deadline).
• Shares owned after transaction: No shares were issued on settlement, so this event did not increase the reporting person's common-stock holdings.
• Footnotes: F1–F3 state that one-third of RSUs granted on July 1, 2025 vested and were settled in cash; each RSU equals the fair market value of one share.
• Transaction codes explained: M = exercise/conversion of a derivative (RSU conversion); D = disposition to issuer for cash settlement.

Context

• This was a routine compensation event (cash settlement of vested RSUs), not an open-market sale or purchase of stock. The derivative and disposition lines on the Form 4 reflect conversion and immediate cash settlement rather than a trade that indicates a change in ownership.
• For retail investors, cash-settled RSUs are generally a compensation liquidity event and do not by themselves signal insider buying or selling sentiment in the market.