Sarsfield Luke A. III 4
4 · Ridgepost Capital, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Ridgepost CEO Luke Sarsfield Converts RSUs; 24,966 Shares Withheld
What Happened
Luke A. Sarsfield III, Chairman & Chief Executive Officer of Ridgepost Capital, converted vested restricted stock units (RSUs) into 45,653 shares on Feb 14, 2026. To cover tax withholding, 24,966 of those shares were surrendered at an effective price of $8.70 per share, totaling $217,204. On Feb 17, 2026 he was granted new RSU awards totaling 239,744 RSUs (derivative awards that convert to shares upon vesting).
Key Details
- Transaction dates: conversions/withholding on 2026-02-14; new RSU grants on 2026-02-17. Form filed 2026-02-18 (appears timely).
- Converted (vested) RSUs: 29,739 and 15,914 = 45,653 shares acquired via conversion.
- Tax withholding: 24,966 shares withheld at $8.70/share = $217,204 (reported as payment of tax liability). Net shares delivered to the insider ≈ 20,687 shares (45,653 − 24,966).
- New grants (RSUs): 175,644 RSUs (vest ratably over 4 years) and 64,100 RSUs (vest on the first anniversary) — total 239,744 RSUs.
- Footnotes: each RSU equals one share upon vesting; the grants have time-based vesting schedules (see above).
- Shares owned after the transactions were not disclosed in the provided filing excerpts.
Context
These transactions are routine RSU vesting and tax-withholding actions, not open-market purchases or sales. The conversions reflect previously granted RSUs vesting into shares; the tax payment was satisfied by withholding shares rather than a cash payment (a common practice). The Feb 17 grants are new long-term equity awards subject to future vesting and do not represent immediate share ownership.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-14+29,739→ 315,370 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-14+15,914→ 331,284 total - Tax Payment
Class A Common Stock
2026-02-14$8.70/sh−24,966$217,204→ 306,318 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-14−29,739→ 89,215 total→ Class A Commmon Stock (29,739 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-14−15,914→ 0 total→ Class A Commmon Stock (15,914 underlying) - Award
Restricted Stock Units
[F1][F4]2026-02-17+175,644→ 175,644 total→ Class A Commmon Stock (175,644 underlying) - Award
Restricted Stock Units
[F1][F5]2026-02-17+64,100→ 64,100 total→ Class A Commmon Stock (64,100 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock upon vesting.
- [F2]On February 14, 2025, the reporting person was granted RSUs, which vest ratably on the first, second, third and fourth anniversaries of the grant date, provided that the reporting person remains in continuous service with the Issuer through each such vesting date.
- [F3]On February 14, 2025, the reporting person was granted RSUs, all of which vested on the first anniversary of the grant date.
- [F4]On February 17, 2026, the reporting person was granted RSUs, which vest ratably on the first, second, third and fourth anniversaries of the grant date, provided that the reporting person remains in continuous service with the Issuer through each such vesting date.
- [F5]On February 17, 2026, the reporting person was granted RSUs, all of which vest on the first anniversary of the grant date, provided that the reporting person remains in continuous service with the Issuer through such vesting date.