Brock Eric A 4

What Happened

• Eric A. Brock, Chairman, CEO, President and a director of Ondas Inc., had 4,500,000 RSUs vest on June 1, 2026 and converted those RSUs into shares (reported as an exercise/conversion of a derivative). On June 2, 2026 he sold 2,378,245 shares in an open-market sale at $13.43 per share, generating proceeds of $31,939,830. The filing also notes shares were sold/withheld to cover tax withholding related to the vesting.

Key Details

• Transaction dates and prices:
  • 2026-06-01: 4,500,000 RSUs vested and converted to common stock (reported as derivative conversion, $0 exercise price).
  • 2026-06-01: 4,500,000 shares reported disposed (derivative) in connection with withholding/tax treatment (per footnote).
  • 2026-06-02: Open-market sale of 2,378,245 shares at $13.43 each = $31,939,830 total.
• Footnotes of note:
  • F1/F4: Each RSU converts to one share of common stock.
  • F2: Some shares were sold by the Company to cover potential tax withholding on the vested RSUs.
  • F3: Privet Ventures LLC (mentioned in the filing) is an investment company owned by Mr. Brock.
  • F5: The 4.5M vested shares are part of a 13.5M RSU grant on Feb 11, 2026; remaining RSUs vest on scheduled future dates through March 10, 2029 if he remains an officer.
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Report covers transactions through 2026-06-01 and was filed 2026-06-02 (within normal Form 4 timing).

Context

• These were RSU vesting proceeds and subsequent sales; the conversion of RSUs to shares is a non-cash award event, and the filing shows both the vesting/conversion and later open-market sale. The company sale/withholding to cover taxes is a routine, administrative step and is disclosed separately from the open-market disposition.