Ellis Larry C 4

What Happened

• Larry C. Ellis, a director of SpringBig Holdings, received a restricted stock unit (RSU) award for 1,193,623 shares on April 20, 2026. The award was granted at $0 per share (no cash paid). This was an equity grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-20; Form 4 filed 2026-04-22 (timely).
• Grant type/code: A (award/grant of RSUs); acquisition price reported $0.00.
• Vesting schedule (per filing footnote): 397,874 shares vest on April 1, 2027; 397,874 shares vest on April 1, 2028; the remaining shares in the award vest on April 1, 2029.
• Vesting terminates upon termination of continuous service; however, if a change of control occurs and the reporting person remains in service through that date, all unvested RSUs will vest.
• Shares owned after the transaction are not specified in the provided filing.

Context

• RSUs are conditional awards that convert to actual shares only as they vest and are generally used as long-term compensation. They can be forfeited if the director leaves before vesting, and may accelerate on a change of control — so this grant does not represent an immediate open-market investment decision.