LACY PAUL A 4

What Happened
Paul A. Lacy, a director of PTC Inc., had 1,500 time‑based restricted stock units (RSUs) vest on February 11, 2026. The filing reports a conversion/exercise of derivative securities: 1,500 RSUs were removed (disposed as derivative) and 1,500 common shares were acquired at a $0 per‑share cost — a routine vesting/settlement of equity compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 12, 2026 (timely filing).
• Reported amounts: 1,500 RSUs converted to 1,500 shares; price reported $0.00 (typical for vested RSUs).
• Post‑transaction holdings: The filing does not specify the insider’s total common shares owned after the vesting.
• Footnotes:
  • F1: Each RSU equals a contingent right to one share.
  • F2: These were time‑based RSUs granted Feb 12, 2025 that vested Feb 11, 2026.
  • F3: Indicates the filing shows the total number of derivative securities beneficially owned (see form for the exact number).

Context
This was an equity‑compensation vesting event (conversion of RSUs into shares), not an open‑market buy or sale. No cash was exchanged at vesting; such events are commonplace for directors and reflect scheduled compensation rather than a trading decision.