LAIRD NEIL J 4

What Happened

• Neil J. Laird, CFO and Treasurer of Ondas Inc. (ONDS), had 12,500 restricted stock units (RSUs) convert to common stock on May 18, 2026 (reported as derivative conversion/exercise). To satisfy tax withholding, 6,038 of those shares were sold by the company on May 20, 2026 at $9.70 per share for proceeds of $58,569. Net shares retained from this vesting event: 6,462.

Key Details

• Transaction dates: RSU conversion delivered 12,500 shares on May 18, 2026; tax-withholding sale of 6,038 shares on May 20, 2026 at $9.70/share (proceeds $58,569).
• Codes: M = conversion/exercise of a derivative (RSU conversion); F = payment of tax liability via share withholding/sale.
• Shares owned after transaction: the filing excerpt does not disclose total beneficial ownership; from this vesting Laird retained 6,462 shares (12,500 delivered minus 6,038 withheld/sold).
• Footnotes: shares were issued upon RSU vesting; the company sold shares to fund withholding; each RSU equals one share. The RSUs were part of a 100,000 RSU grant (June 23, 2025) with a multi-date vesting schedule; 12,500 shares vested and were delivered May 18, 2026. RSUs accelerate on a change in control.
• Filing timeliness: Form 4 filed May 21, 2026. Because the May 18 vesting should be reported within two business days, the filing appears to be one business day late for the May 18 transaction.

Context

• These were RSU vesting and related tax-withholding transactions, not open-market investment purchases or discretionary sales. Sales to cover taxes (cashless/withholding) are routine and do not necessarily indicate a change in insider sentiment.
• Each RSU converted into one share upon vesting; the company’s sale of a portion to cover taxes is a common administrative step following vesting.