FAIRBAIRN EMILY 4

What Happened Emily Fairbairn, a director of Corvex, had Series C Non‑Voting Convertible Preferred Stock automatically convert into common stock on July 7, 2026. The filing shows the acquisition of approximately 1,205,282 common shares at $0.00 per share (total recorded value $0) resulting from the conversion, and the corresponding disposition of ~1,205.283 shares of the Series C preferred (the converted derivative). This was an automatic conversion (not an open‑market purchase or sale).

Key Details

• Transaction date: July 7, 2026. Filing date: July 8, 2026 (timely).
• Conversion: Series C preferred converted at a 1:1,000 ratio into common stock (footnotes confirm conversion and fractional‑share adjustments).
• Reported quantities: ~1,205,282 common shares acquired; ~1,205.283 preferred shares disposed (reflecting conversion rounding).
• Price: $0.00 per share in the filing (conversion, not a cash purchase/sale).
• Holdings/beneficial ownership notes: Securities are held by entities including Moira Partners, the Fairbairn Unitrust, and Valley High LP; Ms. Fairbairn disclaims beneficial ownership of holdings by Moira Partners and Fairbairn Unitrust except to the extent of her pecuniary interest (see footnotes F2, F4, F5).
• Preferred stock features: Series C preferred is perpetual (no expiration) and converted automatically on the date noted (footnotes F6, F7).
• Shares owned after transaction: not specified in the excerpt provided.

Context This was an automatic conversion of preferred shares into common stock, a structural change in security form rather than a market buy or sell. Such conversions typically do not by themselves signal an insider’s view of the stock since no cash purchase or open‑market sale occurred; fractional shares, if any, may have been paid in cash per the filing footnotes.