Watts Claudius E. IV 4

What Happened

• Claudius E. Watts IV, a director of Vistance Networks (VISN), was granted 53,000 restricted stock units (RSUs) on 2026-06-01 (acquired at $0.00). On the same date 168,746 shares were withheld/disposed to cover tax liabilities at an implied value of $12.27 per share, totaling about $2,070,513. The withholding reflects shares used to pay taxes related to vested RSUs and performance share units.

Key Details

• Transaction date(s): 2026-06-01; filing date: 2026-06-03 (filed timely).
• Grant: 53,000 RSUs @ $0.00 (award/acquisition).
• Tax withholding/disposition: 168,746 shares withheld/treated as disposed @ $12.27 per share; total value ≈ $2,070,513.
• Vesting notes (footnotes): The 53,000 RSUs vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to continued service (F1). The filing also references previously reported RSU grants (F2) and confirms the shares withheld were to cover taxes upon vesting (F3).
• Shares owned after the transactions: not specified in the provided excerpt—see the Form 4 for exact post-transaction holdings.
• Transaction code meanings: A = award/acquisition; F = withholding/payment of tax liability.

Context

• This was not an open-market sale but a routine grant plus company withholding of shares to satisfy tax obligations tied to RSU/PSU vesting (a common practice). Such withholding-style dispositions generally reflect tax payment mechanics rather than a directional bet on the stock.