MURSTEIN ANDREW 4

What Happened

• Andrew Murstein (President, CEO, COO and Director) had 51,878 shares withheld by the company on March 1, 2026 to satisfy tax obligations arising from the vesting of restricted stock awards. The shares were recorded at $10.09 each, for a total value of approximately $523,449. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-02 (Form 4 accession 0001193125-26-085383) — appears timely under Section 16 rules.
• Price per share: $10.09; Total value: ~$523,449.
• Transaction type: Tax withholding to satisfy tax obligations on vested restricted stock awards (footnote F1); exempt under Rule 16b-3.
• Shares owned after transaction: Not specified in the provided excerpt; filing notes beneficial ownership is held by the Andrew Murstein Family Trust (footnote F2).
• Filing code: F (shares withheld to satisfy tax liability).

Context

• This was a routine tax-withholding event tied to vesting of previously granted restricted stock, not an open-market sale — such transactions are common and do not necessarily signal a change in insider sentiment.
• The withholding reduced the number of shares delivered to Murstein but does not by itself indicate additional cash proceeds or an active decision to liquidate holdings.