ROSSEN JEREMY 4
Research Summary
AI-generated summary
Ziff Davis (ZD) EVP Jeremy Rossen Exercises RSUs, Sells Shares
What Happened
Jeremy Rossen, EVP and General Counsel of Ziff Davis (ZD), had 8,078 restricted stock units (RSUs) convert into common shares on March 5, 2026. Of those, 2,950 shares were withheld to cover tax withholding at $43.65 per share, a cash value of about $128,768. The conversion/exercise itself is reported at $0.00 per share because RSUs convert to common stock on a one-for-one basis.
Key Details
- Transaction date: 2026-03-05 (reported on Form 4 filed 2026-03-09 — timely filing).
- Conversion: 8,078 RSUs converted into 8,078 common shares (derivative exercise/conversion).
- Withholding: 2,950 shares withheld to satisfy tax liability at $43.65/share = $128,768 (code F — tax withholding).
- Footnotes: RSUs convert 1-for-1 (F3) and have no expiration (F4). Shares referenced are held via The Jeremy and Gina Rossen Family Trust (F2).
- Shares owned after transaction: not specified in the provided summary; filing notes holdings via the family trust.
Context
This was a routine vesting/conversion of RSUs with shares withheld to cover taxes (a common, non‑market sale). It should not be read as a discretionary open‑market sale or purchase — it’s tax withholding tied to compensation.