COURAGE CATHERINE 4

What Happened

• Catherine Courage, a director of Insight Enterprises, acquired a total of 3,255 shares on May 13, 2026. That total reflects two conversions/exercises of 482 shares each (964 shares total) reported as derivative conversions (code M) and a new grant of 2,291 restricted stock units (RSUs) reported as an award (code A). All items show $0 acquisition price on the Form 4 (typical for RSU vesting/grants); the filing reports no immediate sale.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (filed within the normal 2-business-day window).
• Prices: $0.00 reported for all items (derivative conversions and RSU grant); total reported cash value = $0 on the Form 4 (market value not reported).
• Shares acquired: 482 + 482 (derivative conversions) and 2,291 (RSU grant) = 3,255 shares/RSUs.
• Shares owned after transaction: Not specified in the data provided in this summary (check the full Form 4 for beneficial ownership totals).
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of common stock.
  • F2: The RSUs tied to the May 13, 2025 grant vest in three equal annual installments beginning May 13, 2026 (explains the vested conversion).
  • F3: The RSUs granted May 13, 2026 vest in three equal annual installments beginning May 13, 2027 (these are unvested).
• No 10b5-1 plan, tax withholding, or immediate sale was disclosed in the provided transactions.

Context

• The "M" (exercise/conversion of derivative) entries here appear to reflect the vesting/conversion of previously granted RSUs (the first tranche from the May 13, 2025 grant). The "A" entry is a new RSU award granted May 13, 2026 that will vest in future installments (starting May 13, 2027).
• These are acquisitions (not sales), and therefore represent insider received compensation and vested awards rather than open-market purchases; such grants/vestings are common in director compensation and do not by themselves indicate a change in market view.