Giordano Bartolomeo 4

What Happened
Giordano Bartolomeo, SVP and President of RUCKUS Networks, received an award of 2,184 performance share units (PSUs) on 02/24/2026. The reported acquisition price is $0.00 (this is a compensation award, not a cash purchase); the additional PSUs are scheduled to vest on 06/01/2026, subject to his continued employment with Vistance Networks.

Key Details

• Transaction date and type: 2026-02-24 — Award/Acquisition of 2,184 PSUs at $0.00. Filing dated 2026-02-26.
• Vesting: These 2,184 PSUs will vest on 06/01/2026, contingent on continued employment.
• Shares owned after transaction: Not explicitly stated in the Form 4 (see footnotes for outstanding grants and vesting schedules).
• Footnotes of note:
  • F1: Describes the original 03/01/2023 PSU grant (50,800) and committee determinations on 12/16/2025, 01/08/2026 (12,243 PSUs earned) and 02/24/2026 (the 2,184 PSUs earned).
  • F2: Lists other outstanding RSUs/PSUs and their multi-year vesting schedules (various grants vesting through 06/01/2028).
• Timeliness: Filing appears timely (transaction 02/24/2026; Form 4 filed 02/26/2026). No 10b5-1 plan or tax-withholding sale noted in the filing.

Context: This was a compensation award (performance-based restricted stock units), not an open-market buy or sale. Such grants reflect pay/retention and vest over time; they are not immediate cash value until vested and/or settled.