DesRosier Thomas 4

What Happened
Thomas DesRosier (Co‑Chief Executive Officer & Co‑President; also Chief Legal Officer & EVP) reported RSU activity and sales tied to tax withholding. The filing shows 244 shares were acquired via exercise/conversion (RSU settlement). The same filing reports an open‑market sale of 78 shares at $8.47 each for $661, plus two derivative disposals of 133 shares and 111 shares (reported at $0), which are related to tax withholding.

This is not a purchase (no bullish buy); the transactions appear routine and tax‑related rather than a discretionary sale for investment reasons.

Key Details

• Transaction date(s): February 15, 2026; Form 4 filed February 18, 2026.
• Prices/values reported: open‑market sale 78 shares @ $8.47 = $661; two derivative disposals 133 and 111 shares @ $0 (withholding); 244 shares acquired via RSU conversion (no price reported).
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes: RSUs represent contingent rights to one share each (F1); the open‑market sale was effected under a Rule 10b5‑1 plan adopted March 2, 2023 and described as solely to cover taxes (F2); RSU vesting schedule details provided (F3, F4).
• Filing timeliness: Filing occurred three days after the reported transaction date; Form 4s are generally due within two business days, so this may be outside the typical filing window.

Context

• The derivative entries reflect RSU settlement and likely share withholding to cover taxes (the two derivative disposals equal the 244 shares reported acquired). The separate 78‑share open‑market sale was executed under a prearranged 10b5‑1 plan and is described as tax‑related.
• Tax‑related sell‑to‑cover transactions are routine and do not necessarily indicate changes in insider sentiment.