Z Squared Inc.: CEO Halabu David Elias received 78,947 shares

What happened

• Halabu David Elias, chief executive officer, was granted 78,947 restricted stock units (RSUs) on Apr 27, 2026 (reported as derivative awards at $0). On Jul 27, 2026, 19,737 of those RSUs vested and were reported as exercised/converted into 19,737 shares (acquired) and 19,737 shares (disposed), each at $0.

Key details

• Transaction dates and prices:
  • Apr 27, 2026: Grant/award of 78,947 RSUs @ $0.00 (derivative).
  • Jul 27, 2026: Exercise/conversion of 19,737 shares @ $0.00 (acquired).
  • Jul 27, 2026: Exercise/conversion of 19,737 shares @ $0.00 (disposed).
• Shares owned after the transaction: the filing reports 1,412,855 shares of common stock held of record by SMSC Capital Holdings LLC; the reporting person disclaims beneficial ownership of those shares except to the extent of his pecuniary interest (see footnote).
• Footnotes that matter:
  • Footnote 1: The RSUs were granted under the executive employment agreement as an annual bonus; the number of RSUs was determined by dividing $1,200,000 by the Apr 27, 2026 closing price $15.20. The RSUs vest in four substantially equal quarterly installments (19,737 RSUs on each of Jul 27, 2026, Oct 27, 2026 and Jan 27, 2027, and 19,736 RSUs on Apr 27, 2027), subject to continued employment.
  • Footnote 2: The Jul 27, 2026 entries represent the first quarterly vesting of the RSUs.
  • Footnote 3: 1,412,855 shares are held of record by SMSC Capital Holdings LLC; the reporting person owns a 1% membership interest in SMSC and disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Remarks: The shares issued upon settlement of RSUs were issued under the issuer's Form S-8 filed Aug 21, 2026.
• Filing timeliness: the report was filed Oct 02, 2026 covering transactions with period of report Apr 27, 2026; the filing was not made within the typical two business days after the transactions.

Why it may matter

• The filing shows an award of RSUs and that a portion vested and was converted on Jul 27, 2026; the Jul 27 entries show both acquisition and disposition of the same number of shares.
• The Apr 27 grant is an award (not an open-market purchase or sale) and vests over scheduled dates subject to continued employment.
• A filing does not show why the insider traded or why the company acted.