Gattoni James B 4

What Happened
James B. Gattoni, a director of Proficient Auto Logistics, converted 9,135 vested restricted stock units (RSUs) into 9,135 shares on May 6, 2026 (no cash exchanged). The Form 4 also reports the termination/transfer of the related derivative interest the same day. On May 7, 2026 he was granted 10,295 new RSUs that convert one-for-one into common stock when they vest. All transactions show $0 cash consideration.

Key Details

• Transaction dates and types:
  • May 6, 2026 — M (exercise/conversion of derivative): Acquired 9,135 shares @ $0.00 (conversion of RSUs per footnote F1).
  • May 6, 2026 — M (derivative disposition): 9,135 shares @ $0.00 (administrative record of derivative conversion).
  • May 7, 2026 — A (award/grant): Acquired 10,295 RSUs @ $0.00 (new grant per footnote F2).
• Footnotes:
  • F1: 9,135 RSUs were granted May 13, 2025 and vested May 6, 2026; convert 1-for-1 into common stock.
  • F2: 10,295 RSUs vest on the issuer’s 2027 annual meeting and convert 1-for-1.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing timeliness: Form filed May 15, 2026 for May 6–7 transactions (appears later than the typical 2-business-day Form 4 requirement).

Context
This was not an open-market purchase or sale: the May 6 entries reflect RSU vesting and conversion into underlying shares (no cash paid), and the May 7 entry is a new RSU grant that will vest in 2027. Such administrative conversions and new grants are common for directors and don’t by themselves indicate a buy/sell sentiment. The apparent late filing should be noted by investors monitoring insider disclosure timeliness.