Frank Brenda R 4

What Happened

• Frank Brenda, a director of Proficient Auto Logistics, reported that 9,135 restricted stock units (RSUs) vested and were converted into common stock (reported as a derivative exercise/conversion) on May 6, 2026. No cash was paid in the conversion (price reported as $0).
• The filing also shows a grant of 10,295 RSUs on May 7, 2026 that convert one-for-one into common stock and vest on the date of the issuer’s 2027 annual meeting.

Key Details

• Dates and transaction types: May 6, 2026 — conversion/exercise of 9,135 RSUs (code M) reported as both acquired and disposed for $0; May 7, 2026 — grant/award of 10,295 RSUs (code A) at $0.
• Reported dollar amounts: $0 for these entries because RSUs convert one-for-one and have no purchase price shown on the Form 4; market value of the shares at conversion is not provided in the filing.
• Shares owned after the transactions: not specified in the excerpt of the Form 4 provided.
• Footnotes: F1 confirms the 9,135 RSUs were granted May 13, 2025 and vested May 6, 2026 (convert 1:1). F2 notes the 10,295 RSUs vest on the date of the 2027 annual meeting (convert 1:1).
• Timeliness: The Form 4 was filed May 15, 2026 for transactions dated May 6–7, 2026, which is later than the typical two-business-day reporting window (filing appears late).

Context

• These entries reflect RSU vesting/conversion and a new RSU grant — not an open-market purchase or sale. RSU conversions produce company shares for the insider rather than an immediate cash transaction; to gauge the economic value you would need PAL’s share price on the conversion date.
• This is a director’s compensation/vesting event rather than a 10% owner or large institutional trade; such awards are routine parts of executive/director compensation and don't by themselves indicate a change in insider sentiment.