O'Connor Oliver 4

What Happened

• Director O'Connor exercised/converted derivatives to acquire a total of 1,676 shares (two separate M transactions of 838 shares each). As part of the vesting/settlement, 438 shares were withheld/disposed to cover the tax liability at $14.98 per share, producing $6,561 in proceeds (F transaction). One exercise line reports a $0.00 exercise price; another line lists the exercise price as N/A (see footnotes regarding ADS ratio adjustments).

Key Details

• Transaction date: April 18, 2026.
• Derivative exercises: two M transactions for 838 shares each (total 1,676 shares); one reported at $0.00 exercise price, one reported with price N/A.
• Tax withholding/sale: 438 shares withheld/disposed at $14.98 for total reported proceeds of $6,561 (code F — tax withholding).
• Shares owned after the transaction: not provided in the data supplied.
• Footnotes of note:
  • F1: Prior ADS ratio change (1 ADS = 20 Ordinary Shares) and proportionate award adjustments affected reported amounts.
  • F2/F5: These transactions relate to RSUs granted April 18, 2024 (vest in installments); each RSU represents a contingent right to twenty Ordinary Shares (or cash).
  • F4: The 438-share disposition was a withholding by the issuer to satisfy tax liability, not an open-market sale.
• Filing date: Form filed April 21, 2026 (transaction reported for April 18, 2026).

Context

• This appears to be a routine vesting/settlement event rather than an open-market investment or divestment: withheld shares were used to cover taxes, which is common and not the same signal as a voluntary market sale. The modest cash amount ($6.6k) indicates a small tax-withholding related disposition rather than a large insider sell-off.