Locke Mark 4

What Happened

• Mark Locke, CEO of Genius Sports Ltd (GENI), had 120,000 restricted share units (RSUs) convert into 120,000 ordinary shares on March 20, 2026. The conversion had an effective exercise/conversion price of $0.00 (this is a vesting/conversion of awards rather than a cash purchase).
• To satisfy tax withholding related to the conversion, 7,800 shares were withheld/disposed at $4.53 per share, generating $35,334. Net newly issued shares to Locke from this event were 112,200 (120,000 converted minus 7,800 withheld).
• This type of transaction is typically a routine vesting/tax-withholding event, not an open-market buy or sell.

Key Details

• Transaction date: 2026-03-20.
• Conversion: 120,000 RSUs → 120,000 ordinary shares; exercise/conversion price reported $0.00.
• Tax withholding: 7,800 shares withheld/disposed at $4.53/share for total proceeds of $35,334 (transaction code F = tax withholding).
• Net shares received from the conversion: 112,200.
• Footnote: The reported securities are restricted share units (RSUs) that each represent a contingent right to one Ordinary Share, subject to continued service through the applicable vesting date (F1).
• Filing timing: Form 4 was filed on 2026-03-24 for a 2026-03-20 transaction; this filing date falls within the SEC’s two-business-day reporting window and is timely.
• The filing excerpt does not state Locke’s total shares owned after the transaction; only the amounts converted and withheld are shown.

Context

• This was a conversion/vesting of RSUs with shares withheld for taxes (routine, often called a “net settlement” or withholding to cover tax liability). It is different from a market sale or purchase and should be viewed primarily as a compensation-related vesting event rather than a directional insider trade signal.