Meehan Steven 4

What Happened

Steven Meehan, Chief Financial Officer of Twenty One Capital (XXI), received an award of 204,223 restricted stock units (RSUs) on 2026-04-09 (recorded as an acquisition at $0.00). To cover tax withholding on the vested portion, the issuer withheld 18,232 shares at $6.64 each, a disposition valued at approximately $121,060. The award itself is not a purchase — it’s a grant of future contingent shares.

Key Details

• Transaction dates: Grant and withholding both reported for 2026-04-09; Form 4 filed 2026-04-13.
• Reported prices/values: RSU grant recorded at $0.00 per unit; tax-withheld shares disposed at $6.64 each for ~$121,060 total.
• Shares owned after the transaction: Not disclosed in this filing.
• Footnotes: F1 — RSUs vest 25% as of April 1, 2026, then the remaining 75% vests quarterly in equal tranches over the next three years. Each RSU converts to one Class A share when vested. F2 — 18,232 Class A shares were withheld by the issuer to satisfy tax withholding upon vesting.
• Transaction codes: A = Award/Grant; F = Tax withholding (share-for-tax).
• Timeliness: The Form 4 was filed four days after the reported transaction date; Form 4s are typically due within two business days, so this filing appears to be delayed.

Context

RSU grants are compensation, not open-market purchases — they indicate company compensation policy rather than a direct buy/sell signal. The tax withholding here was a routine cashless-type settlement where shares are surrendered to cover taxes on the vested portion. Retail investors should view this as executive compensation activity; the grant increases potential future share count as RSUs vest.