Bergsvik Eirik 4

What Happened

• Eirik Bergsvik, CEO of HMH Holding Inc. (HMH), had 51,559 shares of Class A common stock withheld on May 18, 2026 to satisfy tax withholding obligations at an attributed price of $19.28 per share (total value ≈ $994,058). This was a net settlement (tax withholding), not an open-market sale.
• On June 19, 2026 he was granted 48,232 restricted stock units (RSUs) under HMH’s 2026 Long-Term Incentive Plan. The RSUs were granted at $0 cash cost (each RSU represents a contingent right to one share) and vest in three equal installments on Sep 19, 2027; Jun 19, 2028; and Jun 19, 2029.

Key Details

• Transactions and codes: 2026-05-18 — F (tax withholding/net settlement) — 51,559 shares withheld @ $19.28 = $994,058 (disposition); 2026-06-19 — A (award/grant) — 48,232 RSUs @ $0 = $0 (acquisition of contingent awards).
• Vesting: RSUs vest in three equal installments (9/19/2027, 6/19/2028, 6/19/2029).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — net settlement approved by the board under Rule 16b-3 to satisfy tax withholding; F2 — grant details of RSUs under the 2026 LTIP and vesting schedule.
• Filing timeliness: Form 4 was filed June 23, 2026. The May 18 tax-withholding transaction was reported more than a month later; the June 19 RSU grant was also reported several days after the transaction date.

Context

• The May 18 action was a routine net settlement to cover taxes on vested restricted stock units (cashless withholding), which reduces outstanding shares held by the insider but is not an open-market sale that signals directional sentiment.
• The June 19 grant is an award of future shares contingent on vesting; these RSUs are not immediately tradable and represent long-term compensation rather than an immediate purchase.