Losada German Nicanor 4

What Happened
Director Losada German Nicanor converted/exercised 6,000 restricted stock units (RSUs) into series A shares on April 9, 2026. As part of the tax/payment handling, 2,100 of the resulting shares were withheld/disposed to satisfy tax liability at $65.08 per share, producing a withholding value of $136,668. The filing was submitted on April 13, 2026 (timely).

Key Details

• Transaction date: 2026-04-09; Form 4 filed: 2026-04-13 (timely).
• Primary action: Exercise/conversion of 6,000 RSUs (transaction code M). Report also shows a technical derivative disposition entry of 6,000 (no cash value).
• Tax/payment: 2,100 shares were withheld/disposed to cover taxes (transaction code F) at $65.08 each = $136,668.
• Shares owned after transaction: 259,204 series A shares (represented by 259,204 ADSs) per the filing (see footnote F2).
• Relevant footnotes: F1 — each Restricted Stock Unit = contingent right to one series A share or cash. F2 — 259,204 series A shares represented by 259,204 ADSs.
• Filing appears routine (no indication of a 10b5‑1 plan; not marked late).

Context
This was an RSU vest/conversion (no cash exercise price), with a portion of the vested shares withheld to cover tax obligations — a common, administrative step rather than an open-market sale. Such withholdings reduce the net shares received but do not necessarily signal a personal decision to sell additional shares.