Dickstein Akiva 4

What Happened
Portfolio Manager Akiva Dickstein recorded cash-settled vesting and related transactions in BLW on Jan 30, 2026. The filing shows a disposition to the issuer of 3,944.458 shares at $13.74 per share for $54,197 (cash settlement of phantom shares). At the same time Dickstein was recorded as receiving a new phantom-share award of 3,848.253 units valued at $13.74 each ($52,875). Several other derivative exercises/conversions (1,533.132; 1,183.778; 1,227.547 units) are listed as exercised/converted (derivative entries) with no share-price reported in the filing.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (timely filing).
• Reported cash sale/settlement: 3,944.458 units at $13.74 = $54,197.
• Reported grant/award: 3,848.253 phantom-share units valued at $13.74 = $52,875 (derivative/award).
• Other derivative exercises/conversions listed (1,533.132; 1,183.778; 1,227.547 units) reported as exercised/converted (values not shown).
• Shares owned after the transactions: not specified in the provided summary of this filing.
• Footnotes: Phantom shares are cash-settled equivalents of common stock and vest per prior awards (grants dated Jan 31 of 2023, 2024, 2025) with vesting in equal installments over the first three anniversaries (see footnotes F1–F5).

Context
These entries reflect cash-settled phantom-share vesting and a contemporaneous phantom-share award rather than open-market stock purchases or sales. “Disposition to issuer” and the M/A codes here indicate conversion/settlement of derivative awards that pay out in cash on vesting (not a public market sale). Amounts are modest (around $50–55K) and are routine compensation-related settlements rather than a clear buy/sell signal about the manager’s view of the stock.