BEASLEY BRUCE G 4

What Happened
Bruce G. Beasley (reported as a 10% owner) converted 1,875 restricted stock units (RSUs) into Class A common shares on June 30, 2026. As part of the vesting/conversion, 518 shares were withheld to satisfy tax withholding at $26.13 per share, generating $13,535. The RSU conversion is reported with code M (exercise/conversion of a derivative) and the withholding/sale for taxes is reported with code F. Net new shares delivered to Beasley = 1,875 − 518 = 1,357 shares.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02.
• Converted/Acquired: 1,875 shares via RSU conversion (code M).
• Shares withheld/Disposed for taxes: 518 shares at $26.13, total $13,535 (code F).
• Net shares received from this vesting: 1,357 shares.
• Shares owned after transaction: not specified in the filing excerpt.
• Footnotes: F1 — each restricted stock unit equals one share; F2 — RSUs vest in three equal annual installments beginning June 30, 2025.
• No 10b5-1 plan or late-filing flag is noted in the provided data.

Context
This was a routine RSU vesting/conversion, not an open-market purchase or a voluntary sale (except for shares withheld to cover tax obligations). For RSU conversions the company often withholds shares to satisfy taxes rather than requiring a cash payment; that withholding shows up as a disposition on the Form 4. As a 10% owner, Beasley is a major shareholder — these filings reflect ownership changes but do not by themselves indicate the insider’s market view.