JONES WILLIAM D /CA/ 4

What Happened

• William D. Jones, a director, reported an acquisition (code A) of 140.259 phantom shares on 2026-03-31 at an attributed price of $10.07 per share, a notional value of approximately $1,412. This was not an open-market purchase or sale but a conversion of deferred compensation into notional/phantom shares.

Key Details

• Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-02 (timely).
• Transaction type/code: A — grant/award/acquisition of derivative (phantom) shares.
• Quantity/price/value: 140.259 phantom shares @ $10.07 ≈ $1,412 total.
• Shares owned after transaction: Not disclosed on the Form 4.
• Footnote: The phantom shares track the value of Class F-2 Shares and will convert to cash based on the NAV of Class F-2 Shares at settlement (deferred compensation payout).

Context

• These are derivative/phantom shares representing converted deferred compensation, not immediate equity ownership in the market. Such awards are typically bookkeeping for compensation and do not necessarily signal buying or selling intent in the company's public shares.