ODELL RICHARD D 4

What Happened
Richard D. Odell, CEO of Proficient Auto Logistics, reported the exercise/conversion of 161,670 derivative shares (transaction code M) on May 13, 2026. The filing shows 161,670 shares acquired at $0.00 and the same 161,670 shares disposed of at $0.00. The reported dollar value for these lines is $0, indicating a conversion/settlement event rather than a market purchase or sale at cash proceeds.

Key Details

• Transaction date: May 13, 2026; filing date: May 15, 2026 (timely, within usual Form 4 window).
• Price(s): $0.00 for both acquisition and disposition entries; reported value $0.
• Shares involved: 161,670 acquired and 161,670 disposed (net reported change is zero).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: On May 13, 2024 Odell was awarded 808,355 restricted stock units (RSUs) that vest in equal installments on each May 13 from 2025 through 2029 and convert one-for-one to common stock.
• Filing timeliness: Reported two days after the transaction date (appears timely).

Context
This was a derivative conversion/exercise event (code M). The immediate disposal of the same number of shares is often how vested RSUs or exercised options are settled (for example, to cover tax withholding or as a cashless exercise), but the filing itself does not specify the reason. Because the reported price is $0.00, this entry reflects conversion/settlement mechanics rather than an open-market buy or sale.