Kaminoyama Nobuhiro 4

What Happened

• Kaminoyama Nobuhiro, Group Chief Digital Transformation Officer (Group CDTO), had phantom stock units convert/vest on July 1, 2026. A total of 6,054 units were exercised/converted. Of those, 2,422 units were settled in cash and disposed to the issuer at JPY 7,814 per share (converted at JPY1 = USD 0.006163328) for about $116,644.11. The remaining 3,632 shares (split as 1,629; 1,974; 2,451 in the filing) were converted/treated as dispositions with $0 reported, consistent with internal net settlement/withholding or share retention.

Key Details

• Transaction date: 2026-07-01.
• Quantity exercised/converted: 6,054 phantom units acquired (converted).
• Cash settlement / disposition: 2,422 shares settled in cash at JPY 7,814/share → ~$116,644.11 USD (conversion rate JPY1 = $0.006163328 per footnote).
• Other conversions/dispositions: 1,629; 1,974; and 2,451 shares reported as disposed with $0 (these total the remaining 3,632 shares).
• Footnotes: F1 = phantom stock units (one unit = contingent right to one share; settled in cash or stock at issuer’s election). F2 = portion vested and settled in cash; F4–F6 = vesting schedules and that these phantom units vested July 1, 2026. F3 references ESOP holdings as of May 31, 2026 (no post-transaction share total disclosed in this filing).
• Filing timeliness: No late-filing flag shown in the provided report.

Context

• These were phantom stock unit conversions and cash settlement to the issuer — a common mechanism companies use to settle awards and to cover tax-withholding obligations. This is not an open-market sale; the cash settlement to the issuer often reflects plan settlement or withholding rather than a discretionary market sale by the insider.
• For retail investors: purchases signal stronger insider conviction than routine settlements. This filing mostly documents a vesting/settlement event rather than a voluntary market sell or buy.