Elbaz Michael 4

What Happened

• Michael Elbaz, Chief Financial Officer of Airgain, sold 12,769 shares on 2026-03-20 at a weighted average price of $4.12, generating proceeds of about $52,598. The sale was a "sell-to-cover" to satisfy tax withholding associated with the vesting and settlement of restricted stock units (RSUs) and was executed under an instruction letter tied to Rule 10b5-1 conditions (i.e., non-discretionary).

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the standard reporting window).
• Transaction type/code: Sale (S) — sell-to-cover for tax withholding.
• Shares sold: 12,769; Weighted average sale price: $4.12; Proceeds: $52,598.
• Footnotes: F1 — sale to cover tax withholding and executed under an automatic instruction/10b5-1 process; F2 — price is a broker-weighted average from a block trade executed in multiple transactions (broker can provide per-trade breakdown on request); F3 — transaction involves RSUs.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• This was a routine tax-withholding sale tied to RSU vesting, not a discretionary open-market sell driven by personal trading decisions. Such sell-to-cover transactions are common for insider equity awards and generally carry less informational weight about management's view of the company's prospects than voluntary open-market purchases.