Otsuka Takashi 4

What Happened
Takashi Otsuka, Managing Executive Officer and Chief Risk Officer of ORIX Corporation (IX), made a small open-market purchase and was also granted derivative rights to shares under the company's share-based compensation plan. On 2026-05-20 he purchased 13.159 shares at $38.22 each (total ≈ $503). On 2026-06-23 he acquired derivative securities representing 15,750 points (each point is a right to receive one common share) under a retirement-related share-based award; these were reported with a $0 per-share price because they are not a cash purchase but a grant tied to retirement.

Key Details

• Transactions:
  • 2026-05-20 — Open-market purchase (Code P): 13.159 shares @ $38.22, total ≈ $503.
  • 2026-06-23 — Derivative acquisition (Code J): 15,750 points @ $0.00 (share-based compensation tied to retirement).
• Footnotes: F1 = each point equals the right to one common share. F2 = the derivative securities are share-based compensation that entitle the reporting person to receive the stated shares upon retirement.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed on 2026-06-25. The 2026-05-20 open-market purchase appears to have been reported late (reported more than two business days after the trade); the 2026-06-23 derivative grant was reported on 06-25 (within the typical two-business-day window).

Context

• The June 23 entry is a retirement-linked share award (a grant of rights/points), not an immediate cash purchase or sale; it represents future entitlement to common stock if/when the retirement conditions are met.
• The May 20 open-market buy is small (≈$503) and could be routine; small purchases by insiders can be informative but are not definitive signals of broader sentiment.
• No sale transactions were reported for this filing.