Wright Bradley J. 4

What Happened

• Bradley J. Wright, Chief Financial Officer of Proficient Auto Logistics (PAL), converted 29,444 vested restricted stock units (RSUs) into common shares on May 13, 2026 and those shares were sold the same day. The sale prices ranged roughly $5.15–$5.16, implying proceeds of about $152,000.
• On May 15, 2026 Wright made two open-market purchases totaling 3,800 shares (3,132 shares and 668 shares) at an average price of $5.15, costing $19,570. The purchases (a net cash outflow) are more informative of a buying signal than the routine conversion-and-sale of vested RSUs.

Key Details

• Transaction dates and prices:
  • 2026-05-13: Converted/exercised derivative (RSUs) into 29,444 shares (acquired at $0.00 as conversion) and those shares were disposed the same day; sale prices ranged $5.15–$5.16 (weighted average reported).
  • 2026-05-15: Open-market purchases — 3,132 shares @ $5.15 ($16,130) and 668 shares @ $5.15 ($3,440); total $19,570.
• Shares owned after the transactions: not specified in the summary provided.
• Notable footnotes:
  • F1: Sale occurred in multiple trades at $5.15–$5.16; a weighted average price was reported and full breakdown can be provided on request.
  • F2: One purchase involved a UTMA custodial account for the reporting person’s grandchildren; the reporting person disclaims beneficial ownership except for pecuniary interest.
  • F3: Some reported shares are held by the reporting person’s spouse.
  • F4: The converted shares came from a 5/13/2024 grant of 88,333 RSUs that vest in equal installments on May 13 of 2025, 2026 and 2027; these RSUs convert one-for-one into common stock.
• Filing timeliness: Reported period is 2026-05-13 and the Form 4 was filed on 2026-05-15 (appears timely based on the report date).

Context

• The May 13 activity reflects conversion of vested RSUs and an immediate sale of those shares (a common cash-raising or tax-withholding practice), followed by separate open-market purchases two days later.
• The UTMA purchase is custodial for grandchildren and the reporting person disclaims full beneficial ownership — custodial purchases/gifts generally do not indicate executive sentiment the same way direct purchases do.
• The purchase on May 15 is a straightforward open-market buy and is the more direct insider buying signal in this filing.