LIN PETER KUAN-HOW 4

What Happened

CFO Peter Kuan-How Lin had 10,000 restricted stock units (RSUs) vest on June 15, 2026; those RSUs converted to Class A ordinary shares at no exercise price (reported as derivative conversion/exercise, code M). To cover tax withholding (code F), 3,588 shares were disposed/withheld at $13.85 per share, totaling about $49,694. The remaining shares from the 10,000 vested RSUs were issued to Mr. Lin.

Key Details

• Transaction date: June 15, 2026 (Form 4 filed June 17, 2026; filing appears timely)
• Vesting: 10,000 RSUs vested (conversion to shares reported as derivative exercise, code M)
• Tax withholding: 3,588 shares withheld/disposed at $13.85 per share = $49,694 (code F)
• Exercise/issue price: $0.00 for the vested RSUs (no cash exercise required)
• Shares owned after transaction: not disclosed in the filing
• Footnotes: F1 — each RSU converts to one Class A Ordinary Share; F2 — RSU grant and vesting schedule previously reported (this transaction is the June 15, 2026 vesting tranche)

Context

This was a routine RSU vesting event with a cashless-like settlement for tax withholding (shares withheld to cover taxes). Such transactions typically reflect compensation vesting rather than a deliberate open-market sale or purchase and do not, by themselves, indicate the insider’s view of the company’s stock.