COL DOUGLAS L 4

What Happened

• Col Douglas L, a director of Proficient Auto Logistics, had 9,135 restricted stock units (RSUs) convert into common shares on May 6, 2026 (reported as an exercise/conversion of a derivative at $0.00) and a matching disposition of 9,135 shares the same day. The Form 4 also reports a new award of 10,295 RSUs on May 7, 2026 (reported at $0.00). The filing lists $0.00 per share for these entries because they reflect RSU conversion and awards rather than open‑market purchases or sales.

Key Details

• Transaction dates and types:
  • May 6, 2026: 9,135 shares acquired via exercise/conversion of RSUs (code M) at $0.00; same day disposition of 9,135 shares (derivative).
  • May 7, 2026: 10,295 RSUs granted (code A) at $0.00 (derivative).
• Footnotes:
  • F1: The 9,135 RSUs were originally granted May 13, 2025 and vested on May 6, 2026; they convert one‑for‑one into common stock.
  • F2: The 10,295 RSUs represent an award that vests at the issuer’s 2027 annual meeting and convert one‑for‑one into common stock.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Timeliness: The Form 4 was filed May 15, 2026 for transactions dated May 6–7, 2026. This appears to be a late filing relative to the usual two‑business‑day deadline, which reduces near‑term disclosure timeliness.

Context

• These entries involve RSU conversion and new RSU awards (derivative transactions), not open‑market buying or selling. Immediate disposition of converted RSUs is commonly used to satisfy tax withholding or other obligations; the Form 4 shows the disposition but does not state the reason. The new 10,295 RSUs are future‑vesting awards and do not represent an immediate purchase.