Lucas Shannon 4

What Happened

• Lucas Shannon (reported as a 10% owner) had 22,918 restricted stock units (RSUs) vest and convert into common stock on June 30, 2026. The reported conversion price was $0.00 (these were awards, not market purchases).
• Of the 22,918 vested shares, 9,019 shares were withheld/disposed to cover tax liability at $19.37 per share, totaling $174,698. The gross value of the vested shares at $19.37 is about $443,922, leaving a net delivery of approximately 13,899 shares.

Key Details

• Transaction date: June 30, 2026 (Form 4 filed July 2, 2026).
• Transactions reported: conversion/vesting of RSUs (code M) resulting in acquisition of 22,918 shares; withholding/payment of 9,019 shares for taxes (code F) at $19.37/share = $174,698.
• Net shares delivered after withholding: ~13,899.
• Notable footnotes: shares are reported as held by the reporting person’s spouse and entities (Securus Risk Management LLC, IIM Holdings II, LLC, Emma Cloonen Irrevocable Trust, Ava Cloonen Irrevocable Trust); the reporting person disclaims beneficial ownership except to the extent of a pecuniary interest.
• Vesting detail: each RSU equals one share (F7); the RSUs vest monthly over 24 installments from Jan 1, 2025 through Dec 31, 2026 (F8).
• Filing: Form 4 was filed on July 2, 2026 (reflects the June 30 vesting).

Context

• This was a vesting/award event (RSUs converting to shares) rather than an open-market buy or sale by the insider. The withholding of shares for taxes is a routine disposition to satisfy tax obligations (coded F).
• As a reported 10% owner with holdings reported through spouse and affiliated entities, the filing reflects institutional/family ownership structure; the reporting person disclaims beneficial ownership of many of the reported shares except for pecuniary interest.