Frank Kristin E. 4

What Happened

• Kristin E. Frank, a director of GAIA, Inc. (GAIA), made two transactions reported for April 23, 2026: she exercised stock options (code M) to acquire 12,025 shares at $3.00 each (cost = $36,075) and received an award (code A) of 20,738 restricted stock units (RSUs) reported as a $0 acquisition (derivative award).
• The RSUs represent contingent rights to receive Class A common shares; part of the RSUs vested on April 23, 2026 and will be settled within 60 days, and another portion vests on the issuer’s 2027 annual meeting date per the filing footnotes.

Key Details

• Transaction date: April 23, 2026; Form 4 filed April 29, 2026 (no late-filing flag shown in the provided data).
• Option exercise: 12,025 shares at $3.00 per share — total cash paid $36,075 (code M).
• RSU award: 20,738 RSUs (code A) reported at $0; RSUs convert 1-for-1 into Class A shares when settled.
• Vesting/settlement notes: some RSUs vested 4/23/2026 and will be settled within 60 days; other RSUs vest on the 2027 annual meeting date and will be settled within 60 days thereafter.
• Shares owned after the transactions: not disclosed in the provided excerpt.

Context

• M (option exercise) means the insider used vested options to buy shares by paying the exercise price; this was not reported as a cashless sale — the filing shows a purchase for cash ($36,075).
• A (award) RSUs are a form of compensation and represent future delivery of stock when settled; awards do not in themselves indicate immediate buying or selling of market shares.
• These are routine insider compensation and exercise transactions; they are factual disclosures rather than statements of intent or market view.