Lal Rohit 4

What Happened

• Lal Rohit, a director of Proficient Auto Logistics (PAL), had 1,903 restricted stock units (RSUs) vest and convert into common stock on May 6, 2026 (reported as an exercise/conversion of a derivative, code M). Those same 1,903 shares are also shown as a disposition on May 6, 2026. Both the conversion/acquisition and the disposition were reported at $0.00 (no cash exchanged).
• On May 7, 2026, Rohit was granted 10,295 additional RSUs (reported as an award/grant, code A). These new RSUs convert one-for-one into common stock and vest on the date of the issuer’s 2027 annual meeting.

Key Details

• Transaction dates and prices:
  • May 6, 2026: 1,903 shares acquired via conversion (code M) at $0.00; 1,903 shares disposed (derivative) at $0.00.
  • May 7, 2026: 10,295 RSUs granted (code A) at $0.00, vesting at 2027 annual meeting.
• Shares owned after transaction: Not specified in the filing provided.
• Footnotes:
  • F1: 1,903 RSUs were granted Feb 26, 2026 and vested May 6, 2026; convert 1:1 into common stock.
  • F2: 10,295 RSUs vest on the date of the 2027 annual meeting and convert 1:1 into common stock.
• Filing timeliness: Transactions occurred May 6–7, 2026; Form 4 was filed May 15, 2026 (nine days later). Form 4s are typically due within two business days, so this filing appears late.

Context

• These filings show RSU vesting/conversion and a new RSU grant rather than an open-market buy or sale. Converting RSUs at $0.00 is standard (no purchase price); a same-day disposition often reflects administrative actions (e.g., transfer or withholding) but the filing does not state a reason. The 10,295 new RSUs are a deferred award that will convert to shares when they vest in 2027.