Sadagopan Deepak 4

What Happened

• Director Sadagopan Deepak received an award/grant of 25,000 restricted stock units (RSUs) on April 24, 2026. The Form 4 reports the acquisition as 25,000 shares at $0.00 (typical for RSU grants reported as $0 acquisition price).

Key Details

• Transaction date: 2026-04-24; Filing date: 2026-05-20 (appears to be filed late relative to the 2-business-day Form 4 deadline).
• Transaction type/code: A (Award/Grant).
• Shares acquired: 25,000 RSUs; Reported acquisition value on the Form 4: $0.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes in the filing:
  • F1: States the 25,000 RSUs were fully vested and issued on 4/24/2026.
  • F2: States 50% vested on 4/20/2026 and the remaining 50% will vest on 4/01/2027 (this appears to conflict with F1).
  • F3: Notes 100% of related stock options were vested as of the date of the filing (separate from the RSU grant).
• Filing timeliness: Because the report was filed nearly a month after the transaction date, it appears late (this can lead to amendments or SEC attention; the filing does not state a 10b5-1 plan or exemption).

Context

• RSU grants are compensation and do not represent an open‑market purchase or sale; they typically do not by themselves indicate an insider buying or selling for investment reasons.
• The filing’s conflicting footnotes about vesting (F1 vs F2) are notable — retail investors may want to monitor for an amended Form 4 clarifying vesting and holdings.