Barcelo Daniel 4

What Happened

• Daniel Barcelo, CEO of T1 Energy (TE), had 333,333 Restricted Stock Units (RSUs) vest effective January 1, 2026 (one-third of a 1,000,000 RSU grant). Those RSUs were settled into shares in March 2026. To cover tax obligations, a total of 245,058 shares were withheld: 110,155 shares on March 13, 2026 (valued at $6.68/share; $735,835) and 134,903 shares on March 30, 2026 (valued at $2.58/share; $348,050). After these transactions, Barcelo beneficially owns 1,096,608 shares.

Key Details

• Transaction types: M = RSU vesting/conversion; F = shares withheld to satisfy tax obligations.
• Relevant dates and amounts:
  • RSU vesting date: January 1, 2026 (333,333 RSUs; settled March 13, 2026).
  • March 13, 2026: 110,155 shares withheld at $6.68/share (proceeds/withholding value $735,835).
  • March 30, 2026: 134,903 shares withheld at $2.58/share (withholding value $348,050) relating to a previously vested RSU installment that was settled on that date.
• Shares owned after transactions: 1,096,608 (per footnote reconciliation).
• Remaining awards: 333,334 RSUs remain outstanding from the January 1, 2025 grant (final installment vests January 1, 2027).
• Filing: Form 4 filed April 2, 2026, after the March 13 and March 30 settlement/withholding dates (the filing reports the settlements and tax withholdings).

Context

• These were award settlements and routine tax withholdings—not open-market sales or purchases. Tax-withholding disposals (code F) are common when RSUs are settled and do not necessarily signal a change in insider sentiment.
• For clarity: the M-code entries reflect conversion/settlement of RSUs into shares; the F-code entries reflect the company withholding shares to satisfy taxes (a cashless-type settlement).