Breard Linda M. 4

What Happened

• Linda M. Breard, a director of Insight Enterprises, reported conversion/exercise of derivative interests into a total of 964 shares (two entries of 482 shares) and a grant/award of 2,291 restricted stock units (RSUs) on May 13, 2026. All reported acquisitions show a $0.00 price (no cash consideration).
• This was not a sale—Breard received stock (conversion of derivatives and an RSU award), which is generally a neutral-to-positive event but not a market purchase.

Key Details

• Transaction dates: May 13, 2026 (reported on Form 4 filed May 15, 2026).
• Reported prices: $0.00 for the conversions and the RSU grant (stock-settled / no cash exercise price).
• Shares acquired via conversion: 482 + 482 = 964 shares. RSUs granted: 2,291 units (each unit = one contingent share).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F2: The RSUs granted May 13, 2025 vest in three equal annual installments beginning May 13, 2026.
  • F3: The RSUs granted May 13, 2026 vest in three equal annual installments beginning May 13, 2027.
• Filing timeliness: Form 4 was filed two days after the transaction date (May 15 for May 13 transactions), which is within the normal reporting window.

Context

• The $0.00 amounts indicate these were conversions/vestings and a grant of RSUs rather than purchases requiring cash. There is no indication the converted shares were sold immediately.
• RSU grants are compensation and vest over time; they do not necessarily signal the insider’s market view. This filing documents compensation/vesting activity by a non-employee director rather than an open-market purchase or sale.