Ridgepost Capital: chairman and CEO Luke A. Sarsfield III exercised 218,102 shares

What happened

• Luke A. Sarsfield III, chairman of the board and CEO, exercised or converted 218,102 restricted stock units (RSUs) into shares on Oct 23, 2026. The filing shows one exercise/conversion entry for 218,102 shares listed as acquired (price N/A) and another exercise/conversion entry for 218,102 shares listed as disposed at $0.00 (derivative).
• To satisfy tax withholding, 120,605 shares were disposed at $8.86 per share for total proceeds of $1,068,560 (payment of exercise price or tax liability).

Key details

• Transaction date: Oct 23, 2026.
• Exercise/conversion entries: 218,102 shares acquired (price listed as N/A) and 218,102 shares disposed (derivative) at $0.00.
• Tax withholding sale: 120,605 shares disposed at $8.86 per share for $1,068,560.
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing:
  • F1: each RSU represents a right to receive one share of the issuer's Class A common stock upon vesting.
  • F2: these RSUs were granted Oct 23, 2023 and vest ratably on the first, second and third anniversaries of the grant date, subject to continued service.
• Filing date: Oct 26, 2026. The filing does not state whether it was late.

Why it may matter

• The filing shows RSUs vested and were converted to shares; 120,605 shares were withheld to satisfy tax obligations (cashless/tax-withholding treatment).
• The filing reports conversions and a withholding sale rather than an open-market discretionary sale.
• A filing does not show why the insider traded or why the company acted.