Corsi Andrew 4

What Happened

• Andrew Corsi, Chief Accounting Officer of Ridgepost Capital, converted 4,560 restricted stock units (RSUs) into shares on Feb 14, 2026. To satisfy tax withholding, 1,581 of those shares were withheld at $8.70 per share (total $13,755), leaving a net 2,979 shares delivered to him.
• No open-market sale for cash was reported. On Feb 17, 2026 Corsi was awarded two RSU grants totaling 18,443 RSUs (11,710 and 6,733 RSUs) at no cash cost; these awards have the vesting schedules described below.

Key Details

• Transaction dates and terms:
  • 2026-02-14: Conversion/exercise of 4,560 RSUs into common stock; 1,581 shares withheld for taxes at $8.70/share (tax withholding = $13,755).
  • 2026-02-17: Grants of 11,710 RSUs (vest ratably over years 2–5) and 6,733 RSUs (vest on first anniversary), both $0 per RSU.
• Net shares received from the Feb 14 conversion: 4,560 − 1,581 = 2,979 shares.
• Footnotes: Each RSU equals one share upon vesting (F1). The Feb 14 conversion related to RSUs granted Feb 14, 2025 that vested on their first anniversary (F2). The Feb 17 grants vest as described in F3 (ratable over years 2–5) and F4 (one-year cliff).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-18 reporting transactions through Feb 17, 2026; no late‑filing flag was indicated in the supplied data.

Context

• These were RSU conversions and new RSU awards — non‑cash equity events. Withholding of shares to cover taxes is routine and not the same as an open‑market sale.
• The Feb 17 grants are subject to future vesting and continued service, so they do not represent immediately tradable stock.