Bhatt Nailesh 4

What Happened

• Director Nailesh Bhatt received a grant/award of 40,789 restricted stock units (RSUs) on February 9, 2026. The RSUs were reported at $0.00 per share (total reported value $0), meaning no cash was exchanged at grant. This is an award grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-09; SEC filing date: 2026-02-11 (appears timely).
• Price reported: $0.00 per share; total reported value $0.
• Shares acquired: 40,789 RSUs (award).
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnote: F1 — RSUs scheduled to vest in three equal installments: Dec 2, 2026; Dec 2, 2027; and Dec 2, 2028.
• Filing accession: 0001193125-26-047185.

Context

• RSUs are a form of equity compensation that convert to shares only as they vest; they do not provide immediate proceeds or indicate a market purchase. Because these units vest over time, they represent future potential ownership rather than an immediate change in tradable shares. This type of award is common for executive/director compensation and should be viewed as compensation-related, not a direct buy or sell signal.