RACHESKY MARK H MD 4

What Happened

• Mark H. Rachesky (reported as a 10% owner) received a grant of 6,488 restricted share units (RSUs) on 2026-05-15. The award is reported on the Form 4 at $0.00 per share (award/grant code A) and will convert to an equal number of common shares upon vesting. The RSUs are scheduled to vest in one annual installment on May 15, 2027 as part of annual director compensation.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (timely filing).
• Transaction type/code: Award/Grant (A); shares reported: 6,488; reported price: $0.00.
• Vesting: payable in common shares in one installment on May 15, 2027.
• Shares owned after transaction: not specified in the material provided.
• Footnotes: F1 confirms these are annual director compensation RSUs; multiple footnotes (F2–F13) describe that many shares are held for various MHR-managed funds/partnerships and that Rachesky and affiliated entities disclaim beneficial ownership except to the extent of pecuniary interest; a Voting & Standstill Agreement is noted (F13).

Context

• This is a compensation grant (not a purchase or sale) and typically reflects director pay rather than a direct trading view of the company. As a reported 10% owner, Rachesky’s holdings are structured through multiple funds and advisor entities — the filing notes these arrangements and associated disclaimers. The RSUs do not immediately create tradable shares until they vest.