Elio Michael Anthony 4

What Happened

• Elio Michael Anthony, a portfolio manager, was granted 811 restricted share units (RSUs) on March 14, 2025. RSUs are derivative awards that represent the right to receive one Class I common share each (footnote F1).
• Per the filing, 203 RSUs vested and were converted into common shares on February 14, 2026. The conversion is reported as a disposition of the derivative RSU and a concurrent acquisition of the underlying shares (both reported at $0.00), meaning no cash changed hands at conversion.

Key Details

• Grant date and award: 811 RSUs granted 2025-03-14 (reported as an “other acquisition” of derivative securities, code J).
• Vesting/conversion: 203 RSUs converted/vested on 2026-02-14 (reported as conversions of derivative securities, code C; acquisition and corresponding disposition of the derivative are both shown at $0.00).
• Vesting schedule: The RSU grant vests in four substantially equal annual installments beginning February 14, 2026 (footnote F2).
• Shares owned after the transaction: not specified in the excerpted transaction details.
• Filing timeliness: Form 4 was filed May 7, 2026. The transactions reported occurred on 2025-03-14 and 2026-02-14, so the filing was submitted well after the typical two-business-day Form 4 deadline for these events.
• Additional remark: Exhibit 24 (Power of Attorney) is attached to the filing.

Context

• RSUs are long-term compensation awards; conversion from RSU to shares is not an open-market purchase or sale and does not itself signal a buy/sell decision by the insider.
• The filing shows vesting and conversion activity under a standard incentive plan rather than an active market trade. Purchases (cash outflow) are generally more informative for bullish signals than routine vesting/conversion events.