Sarsfield Luke A. III 4

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.