Pilcher Ciafone Katherine 4

What Happened

• Katherine Pilcher Ciafone, Chief Operating Officer of Moelis & Co (MC), had Restricted Stock Units (RSUs) settled into 4,885.48 shares of Class A common stock on February 19, 2026. As part of the settlement, 850.48 shares were withheld to satisfy tax obligations at $62.73 per share, totaling $53,351. Several related derivative conversion/transfer entries (1,480.02; 1,405.62; and 1,999.85 shares) were reported with $0 proceeds and appear to be internal conversion/transfer items tied to the RSU settlement rather than open‑market sales.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (appears timely).
• Primary acquisition: 4,885.48 shares acquired upon RSU settlement (Footnotes F1/F2).
• Tax withholding: 850.48 shares withheld @ $62.73 = $53,351 (reported as payment of tax liability).
• Other reported derivative entries: 1,480.02; 1,405.62; 1,999.85 shares reported as exercise/conversion (M) with $0 proceeds — likely internal transfers related to settlement.
• Shares owned after transaction: not stated in the provided data.

Context

• This filing reflects an award settlement (RSUs converting into shares) with withholding to cover taxes — a routine corporate compensation event. Apart from the tax-withholding share disposition, there is no indication in the filing of an open-market sale by the insider. Derivative-code (M) entries here correspond to conversion/settlement activity rather than option exercises followed by market sales.