GOLDMAN NEAL P 4

What Happened
Neal P. Goldman, a director of Talos Energy Inc., had 25,528 restricted stock units (RSUs) vest on March 10, 2026 and converted them into common shares. Per his settlement election, 40% (10,211 shares) were surrendered to the issuer for cash settlement/withholding at $12.94 per share, generating $132,130. The remaining 60% (approximately 15,317 shares) were delivered to Mr. Goldman. The RSUs carried no exercise price (exercise/conversion reported at $0).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
• Derivative conversion: 25,528 RSUs converted into shares (reported as "M" — exercise/conversion; $0 exercise price).
• Disposition to issuer: 10,211 shares withheld/settled at $12.94/share for $132,130 (reported as "D").
• Net shares delivered to insider: ~15,317 shares (60% of vested RSUs).
• Footnote: RSUs were granted March 10, 2025 under Talos’ 2021 LTIP and vested March 10, 2026; settlement election was 60% shares / 40% cash.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a standard RSU vesting/settlement event with a portion withheld to cover taxes/cash settlement — not an open‑market sale to a third party. Such withholding is routine and does not necessarily indicate a change in insider sentiment.
• For clarity: "M" entries reflect conversion/exercise of a derivative (RSU-to-share conversion here); the $0 exercise price means no cash was paid to convert the units.