Enholm David James 4

What Happened

• David James Enholm, CFO of CleanCore Solutions, converted 40,000 vested restricted stock units (RSUs) into 40,000 shares of common stock on July 1, 2026 (reported as an "M" code — exercise or conversion of a derivative). The Form 4 also shows a related disposition of 40,000 derivative shares at $0.00 on the same date.
• The filing does not report a cash purchase or sale value for the 40,000 acquired shares (price listed as N/A) and lists the disposed 40,000 shares at $0.00 (total $0).

Key Details

• Transaction date: 2026-07-01 (Form 4 filed 2026-07-02).
• Acquired: 40,000 shares via conversion (derivative, code M); Price: N/A.
• Disposed: 40,000 derivative shares; Price: $0.00; Proceeds reported: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: On June 30, 2026, Enholm was granted 80,000 RSUs under the 2022 Equity Incentive Plan — 40,000 RSUs vested July 1, 2026 and 40,000 RSUs vest on the filing date of the issuer's Form 10‑K for the year ended June 30, 2026.
• The filing does not explain the reason for the $0.00 disposition (e.g., tax withholding or net settlement is common in these situations but is not specified here).

Context

• This is not an open-market buy or sell: it reflects conversion/settlement of equity awards (RSUs). Such conversions are routine grants/vesting activity rather than a signal of buying or selling for investment purposes.
• Code M indicates exercise or conversion of a derivative (here, RSUs converting to common stock). The simultaneous $0.00 disposition often relates to administrative settlement (tax withholding or net issuance), but the filing provides no explicit detail.