Ridgepost (RPC) EVP Jairath Sarita Narson Converts RSUs, Withholds 10,451

What Happened

• Jairath Sarita Narson (EVP, Head of Global Client Solutions) had 20,471 restricted stock units (RSUs) convert into Class A common shares on 2026-09-16. To satisfy tax withholding obligations, 10,451 shares were surrendered at $7.91 per share for a total of $82,667. Net shares delivered to the reporting person were approximately 10,020 (20,471 vested — 10,451 withheld).
• This was not an open-market purchase or sale of existing holdings but a vesting/settlement event (conversion of RSUs) with share withholding to cover taxes.

Key Details

• Transaction date: 2026-09-16; filing accession: 0001193125-26-395788 (filed 2026-09-18) — appears timely.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = payment of exercise price or tax liability (share withholding).
• Shares converting/vesting: 20,471; shares withheld for taxes: 10,451 at $7.91/share = $82,667.
• Net shares delivered to insider: ~10,020.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs represent a right to receive one share upon vesting. These RSUs were granted 2024-09-16 and vest ratably on the first, second and third anniversaries of the grant date.

Context

• This was a routine equity award vesting event, not a directional buy or sale signal in the open market. The withholding of shares to cover taxes is a common cashless settlement method for RSUs and does not by itself indicate insider sentiment about the stock.