Pappas Peter Nicholas 4

What Happened

• Peter Nicholas Pappas, Chief Strategy Officer and President, Eggs at Vital Farms (VITL), received an award of 19,558 restricted stock units (RSUs) on March 5, 2026. The RSUs were granted at $0.00 per share (no immediate cash cost).
• To satisfy withholding tax obligations related to the award, 1,019 shares were withheld/disposed on March 4, 2026 at $20.30 per share, generating proceeds of $20,686 (tax withholding treatment).

Key Details

• Transaction types: A = Award/Grant (19,558 RSUs, 2026-03-05); F = Shares withheld for tax (1,019 shares disposed, 2026-03-04).
• Prices/values: RSUs granted at $0.00 (no immediate purchase cost); withheld shares sold at $20.30 for total ~$20,686.
• Vesting: The RSUs vest in three equal annual installments beginning March 5, 2027, subject to continuous service (footnote).
• Shares owned after transaction: Not specified in the disclosed Form 4.
• Filing timeliness: Report filed 2026-03-06 for transactions on 2026-03-04/03-05 — appears timely (Form 4 due within two business days).
• Footnotes: F1 indicates shares were withheld by the issuer to satisfy withholding taxes; F2 describes the RSU award and vesting schedule.

Context

• The award is an equity compensation grant (RSUs) and does not represent an open-market purchase; vesting is time-based and contingent on continued employment.
• The 1,019-share disposition was a routine tax-withholding/cashless arrangement, common when companies retain shares to cover tax liabilities on equity awards; it should not be read as a discretionary sell signal.