Pang Stephen S. 4

What Happened

• Stephen S. Pang, Chief Financial Officer of AirJoule Technologies Corp. (AIRJ), converted 23,125 restricted stock units (derivative conversion/exercise, code M) into 23,125 shares on 2026-06-05. No cash exercise price was reported ($0.00 per share).
• To satisfy tax withholding (code F), 7,248 of those shares were disposed at $4.87 per share, generating $35,298. After withholding, Pang retained a net 15,877 shares from the conversion.
• This was not an open-market purchase or a voluntary sale of vested shares for investment purposes — it was a routine conversion of RSUs with shares withheld/sold to cover taxes.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (filed within the standard 2-business-day window).
• Conversion: 23,125 RSUs converted to 23,125 shares (M; $0.00 exercise price).
• Tax withholding: 7,248 shares disposed at $4.87 each, proceeds $35,298 (F).
• Net shares added/retained from the conversion: +15,877 shares.
• Footnote: RSUs vest in four equal annual installments beginning June 6, 2025; each RSU represents a contingent right to one share (per filing).
• Shares owned after the transaction: not specified in the Form 4 (filing does not report total post-transaction holdings).

Context

• Code M indicates conversion/exercise of a derivative (here, RSUs becoming shares). Code F indicates shares withheld or surrendered to satisfy tax withholding — a common administrative step that does not necessarily signal a buy or sell decision by the insider.
• For retail investors, purchases are often more informative than routine vesting/tax-withholding events; this filing reflects standard vesting and tax-covering activity rather than an open-market investment choice.