Paul David C 4

What Happened

• Paul David C (listed as a 10% owner) was granted 100,000 derivative awards on January 21, 2026. The filing shows an acquisition at $0.00 per share, indicating an option/award grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-21; filing date (Form 4): 2026-01-23.
• Amount: 100,000 shares (derivative award) recorded at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: Awards granted Jan 21, 2026 vest over four years — 1/4 vests on Jan 1, 2027, then 1/48 of the total vests each month thereafter (see filing footnote F1).
• Timeliness: Filed two days after the transaction (within the typical two-business-day Form 4 window); no late filing flagged.

Context

• This was an award/grant (derivative), not a purchase or sale — no immediate cash paid and no shares were sold. Vesting schedule means the awards become transferable/usable over time rather than immediately. As a reported 10% owner, this reflects an ownership-related grant rather than a routine insider open-market trade.