Peralta Leonel 4

What Happened
Leonel Peralta, SVP and Chief Operations Officer of Accuray Inc. (ARAY), had 83,723 restricted stock units (RSUs convert/derivatives) vest/convert on 2026-02-28. The issuer withheld 28,969 of those shares to satisfy tax withholding obligations at an effective value of $0.55 per share (total withheld value reported as $15,933), leaving a net issuance of 54,754 shares to Peralta. The conversion entries are reported with transaction code M (exercise/conversion of a derivative) and the withholding with code F (tax withholding).

Key Details

• Transaction date: 2026-02-28; Form 4 filed: 2026-03-03 (appears timely within the usual 2-business-day filing window).
• Converted/issued: 83,723 shares (code M) at $0.00 per share (RSU conversion; no cash exercise price).
• Withheld for taxes: 28,969 shares (code F) at $0.55 per share, total value $15,933.
• Net shares delivered to insider: 54,754 (83,723 − 28,969).
• Shares owned after transaction: total beneficial ownership not disclosed in the filing; net received = 54,754.
• Footnotes: F1 notes shares were withheld by the issuer to satisfy tax withholding for net settlement of RSUs. F2 notes these RSUs vest 25% annually over four years from grant date.

Context
This was an RSU vesting/net-settlement event (not an open-market purchase or voluntary sale). Withholding shares to cover taxes is a routine administrative step and does not by itself indicate a bullish or bearish signal about the company. M = exercise/conversion of derivative (here RSU conversion); F = tax withholding.