Ridloff Elena 4

What Happened
Director Elena Ridloff exercised stock options and sold shares on May 11, 2026. The filing shows she acquired 3,000 shares by exercising options at $31.20 per share (cost = $93,600) and sold 3,000 shares in an open-market transaction at $87.00 per share (proceeds = $261,000). The report also lists a 3,000-share derivative disposition at $0.00 (see Key Details).

Key Details

• Transaction date: 2026-05-11.
• Exercise: 3,000 shares exercised at $31.20 (total $93,600).
• Open-market sale: 3,000 shares sold at $87.00 (total proceeds $261,000).
• Derivative entry: 3,000 shares shown as disposed at $0.00 (filing does not specify the reason for the zero-dollar entry).
• Footnotes: Transactions were executed pursuant to a Rule 10b5-1 trading plan dated December 11, 2025 (F1). The options exercised were fully vested and exercisable (F2).
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: Reported and filed with a period of report dated 2026-05-11 (appears filed same day).

Context
This sequence—exercise of options followed by an immediate open-market sale—can reflect a cashless or partially monetized exercise, though the filing itself does not state the exact settlement mechanics. The sale was executed under a pre-established Rule 10b5-1 plan, which generally indicates the transactions were pre-scheduled rather than discretionary trading by the insider on the trade date.