Faubert Peter R. 4

What Happened

• Peter R. Faubert, a director of AWARE, Inc. (AWRE), executed a derivative conversion/exercise on 2026-07-01 that resulted in the acquisition of 21,029 common shares.
• The reported exercise/conversion price was $0.00, so no cash amount was reported for the transaction (total reported value = $0). No sale of the shares was reported in the filing.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely filing).
• Transaction type/code: M — exercise or conversion of a derivative security.
• Shares acquired: 21,029; price per share: $0.00; reported cash value: $0.
• Shares owned after the transaction: not specified in the excerpt of the filing provided.
• Footnotes/notes: filing does not indicate a cashless sale, tax withholding, 10b5-1 plan, or other special handling in the disclosed transaction.

Context

• "M" transactions indicate an exercise or conversion of a derivative (e.g., option exercise or conversion of award). Because no sale was reported, this appears to be an acquisition/vesting event where the insider ended up holding the shares rather than immediately selling them.
• As a director (not identified here as a 10% owner), this is an insider acquisition but filings like this do not by themselves reveal the insider's motivation.