Giordano Bartolomeo 4

What Happened
Giordano Bartolomeo, SVP and President, RUCKUS Networks at Vistance Networks (VISN), received an award of 16,300 restricted stock units (RSUs) on 2026-06-01 (reported as an "A" acquisition at $0.00). On the same date 100,442 shares were reported as disposed under code "F" — these shares were withheld to cover tax withholding obligations at a reported price of $12.27 per share, totaling $1,232,423. The award is an RSU grant (no cash purchase).

Key Details

• Transaction date: 2026-06-01; Form filed 2026-06-03 (appears to meet the usual 2-business-day Form 4 filing window).
• Grant: 16,300 RSUs reported at $0.00 (award/acquisition).
• Tax withholding: 100,442 shares withheld/disposed at $12.27 each; total value ≈ $1,232,423.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: The 16,300 RSUs will vest on 06/01/2027, subject to continued employment.
  • F2: References previously reported RSU grants (26,400; 53,600; 63,000) with vesting dates in 2027–2028.
  • F3: Confirms the 100,442 shares were withheld to cover taxes upon vesting of RSUs/PSUs.
• Transaction codes: A = Award/Grant (RSUs); F = shares withheld for tax withholding (not an open-market sale).

Context
This filing records the issuance of RSUs and routine tax-withholding related to vesting — withholding is a common administrative step and not necessarily a signal of insider sentiment. The grant vests in the future (06/01/2027) subject to employment. The withholding reduced the insider’s share count by the number of shares surrendered for taxes rather than representing an open-market sale.