TIC Solutions (TIC) Director Rory Cullinan Exercises Options

What Happened

• Rory Cullinan, a director of TIC Solutions, exercised/converted 9,017 derivative awards (transaction code M) on July 31, 2026. The filing shows an acquisition of 9,017 shares at $0.00 and a corresponding disposition of 9,017 derivative instruments at $0.00. No cash changed hands and there is no report of an open-market sale of the underlying shares.

Key Details

• Transaction date: 2026-07-31; Filing date: 2026-08-04 (filed on-time under Form 4 rules).
• Instruments/shares: 9,017 shares acquired (exercise/conversion) @ $0.00; 9,017 derivative instruments disposed @ $0.00.
• Total reported cash value: $0.00 (exercise price was zero).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: These options are fully vested and exercisable.
  • F2: Each restricted stock unit (RSU) represents a contingent right to receive one share.
  • F3: These RSUs vested on July 31, 2026 (the one-year anniversary of the grant).
  • F4: Some RSUs vest on July 1, 2027 (one-year anniversary of that grant).
• Filing timeliness: Not late (filed within the Form 4 deadline).

Context

• Transaction code M indicates an option exercise or conversion of a derivative. The separate "disposition" line reflects the elimination/conversion of the derivative instrument, not a sale of the resulting common stock.
• Because there was no sale reported, this is not an insider sell; it reflects conversion/exercise of previously granted awards (vested) rather than a liquidity event.