GRAY PETER L 4

What Happened
Peter L. Gray (Pres LE Licensing, CAO & GC) had 21,736 restricted stock units (RSUs convert/vest) on 2026-06-14, resulting in 21,736 shares issued. To satisfy tax withholding, 10,704 of those shares were surrendered at an effective price of $12.41 per share, generating $132,837. Net shares retained from this vesting were 11,032. The RSU conversion is reported as a derivative exercise/conversion (code M) and the withholding as code F.

Key Details

• Transaction date: 2026-06-14; Form filed: 2026-06-16 (timely filing).
• Vesting/conversion: 21,736 RSUs → 21,736 shares (exercise/conversion, code M).
• Tax withholding: 10,704 shares withheld at $12.41/share = $132,837 (code F).
• Net shares received: 21,736 − 10,704 = 11,032 shares retained.
• Footnotes: RSUs represent contingent rights to one share each; shares were withheld by issuer to satisfy tax obligations. The award was originally granted 6/14/2023 with a multi-year vesting schedule; additional scheduled vesting dates for other RSUs are listed in the filing.

Context

• This was a vesting/RSU conversion event (not an open-market buy or sale). The withholding of shares for taxes is routine and does not necessarily indicate a buy/sell decision.
• The RSU grant and future vesting schedule are disclosed in the filing (see footnotes); no 10b5-1 plan or gift was indicated.