CHURCH KATRINA J 4

What Happened
Katrina J. Church, SVP & Chief Compliance Officer of Bioventus (BVS), had 4,300 restricted stock units (RSUs) convert to shares on April 10, 2026 (reported on Form 4). Of those converted shares, 1,868 were withheld to satisfy tax withholding obligations at $9.06 per share, generating a withholding value of $16,924. The RSUs converted at no exercise price (reported $0.00), resulting in a net issuance to Church of 2,432 shares (4,300 converted minus 1,868 withheld).

Key Details

• Transaction date: April 10, 2026; Form 4 filed April 14, 2026 (timely within reporting window).
• Conversion/exercise code: M (exercise/conversion of derivative — RSU to common shares) and F (tax withholding payment).
• Shares converted: 4,300 RSUs converted to shares at $0.00 per share.
• Shares withheld for taxes: 1,868 shares at $9.06 per share = $16,924 withheld.
• Net shares delivered to insider: 2,432 shares.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: Each RSU equals one contingent share (F1). The RSUs vest in four equal annual installments beginning April 10, 2023, subject to continued service (F2).

Context
This was a routine RSU vesting and tax-withholding event, not an open-market buy or sell. The conversion of RSUs to shares (M) followed by company withholding shares to satisfy taxes (F) is common and does not necessarily indicate a change in insider sentiment.