BEASLEY CAROLINE 4

What Happened

• Beasley Broadcast Group CEO Caroline had 5,000 restricted stock units (RSUs) convert into 5,000 shares on June 30, 2026 (reported on Form 4 filed July 2, 2026). To cover tax withholding, 1,217 of those shares were surrendered at $26.13 per share, totaling $31,800. Net shares delivered to the insider = 3,783 shares.
• The conversion/exercise entries are reported as derivative transactions (code M) and the withholding is reported under code F (payment of tax liability).

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02.
• RSUs converted: 5,000 shares (conversion/exercise of derivative; reported with $0 exercise price).
• Shares surrendered for taxes: 1,217 shares @ $26.13 = $31,800 (code F).
• Net shares received by insider: 3,783 shares (5,000 converted − 1,217 withheld).
• Footnotes: F1 — each RSU equals one share of Class A common stock; F2 — RSUs vest in three equal annual installments beginning June 30, 2025 (this appears to be the second installment).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing timeliness: transaction dated 6/30/2026 and Form 4 filed 7/2/2026; no late-filing flag is indicated in the information provided.

Context

• This looks like a routine RSU vesting event rather than an open-market purchase or sale. The withholding of shares to cover taxes is common and does not, by itself, indicate a bullish or bearish signal.
• For retail investors: purchases (insiders buying shares) tend to be more informative about insider confidence; conversion of RSUs and tax-withhold surrenders are standard compensation settlements.