Malhotra R. Rimmy 4

What Happened
Rimmy Malhotra, a director of Genasys Inc. (GNSS), received an award/grant of 47,620 restricted stock units (RSUs) on 2026-03-17. The reported transaction price is $0.00 and the filing reports no cash value at grant; these RSUs are a form of equity compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely).
• Transaction type/code: Award/Grant (A).
• Quantity: 47,620 RSUs; reported price: $0.00; total reported consideration: $0.
• Vesting/settlement (footnote F1): RSUs vest on the earlier of (i) the Company’s 2027 annual shareholder meeting or (ii) a change of control; each RSU converts to one share and is eligible to be settled solely in shares.
• Ownership notes (footnotes F2 & F3): Certain shares are held by Nicoya Fund, LLC and Nicoya Genasys‑SPV LLC; Mr. Malhotra is the managing member of Nicoya Capital, LLC, the managing member of those entities.
• Shares owned after the transaction: not specified in the filing.

Context
RSU grants are common executive/director compensation and do not reflect an outlay of cash by the insider; they are conditional rights to future shares and typically vest over time or on corporate events. The footnotes indicate additional beneficial ownership through affiliated entities managed by Mr. Malhotra, but this filing documents only the new RSU award.