Spofford Claire 4

What Happened
Claire Spofford, a director of Leslie's, Inc. (LESL), acquired 4,500 shares via the exercise/conversion of a derivative security on March 24, 2026 at an effective price of $0.00. The filing shows these are Restricted Stock Units (RSUs) — each RSU represents the contingent right to receive one share of common stock upon vesting — so no cash changed hands at grant.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (appears timely under the 2-business-day rule).
• Quantity: 4,500 RSUs (reported with transaction code M — exercise/conversion of a derivative). Price: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 clarifies an RSU converts to one share upon vesting. F2 states the 4,500 RSUs vest on the earlier of (a) March 24, 2027 or (b) the day before the Company's 2027 annual meeting, subject to continuous board service.
• No indication of an immediate sale or cashless exercise; this is a grant/award subject to future vesting.

Context
RSU grants are typically compensation for service and do not represent an open-market purchase by the insider. They become economically meaningful only if and when they vest and convert into actual shares (or are settled in cash, if applicable). This transaction should be viewed as director compensation rather than an explicit buy or sell signal.