IIEKKING G DOUG 4

What Happened

• G. Doug Iiekking, Chief Financial Officer of USANA Health Sciences (USNA), converted 7,469 restricted stock units (RSUs) into common shares on February 27, 2026. To satisfy tax withholding, 5,031 of those shares were withheld/disposed at $21.52 each, totaling $108,267. The conversion/derivative had a $0.00 exercise price, resulting in a net increase of 2,438 shares to his holdings.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (within the normal 2-business-day filing window).
• Conversion: 7,469 RSUs -> 7,469 shares (derivative conversion, no cash exercise price).
• Tax withholding: 5,031 shares withheld/disposed @ $21.52 = $108,267 (code F).
• Net change: +2,438 shares retained by insider after withholding.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest 25% on the anniversary of Feb 27, 2025.
• This was a withholding to cover taxes (routine), not an open-market sale.

Context

• This transaction reflects conversion/vesting of RSUs and shares withheld to pay tax obligations (a common, non-market transaction). It is not a purchase on the open market nor an explicit sell signal; the insider did not receive cash proceeds from a sale except that withheld shares covered taxes. Purchases or open-market buys typically carry more informational weight for bullish signals.