Shah Vivek 4

What Happened
Vivek R. Shah, CEO of Ziff Davis, had 23,674 restricted stock units (RSUs) convert into common shares on March 6, 2026 (reported on Form 4 filed 3/9/2026). Of those shares, 12,085 were withheld to cover tax obligations at a price of $42.32 per share, resulting in tax withholding proceeds of $511,437. That leaves a net increase of 11,589 shares to Shah’s holdings. The RSUs convert one-for-one and carry no expiration (per filing footnotes).

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (timely filing).
• Actions reported: M = conversion/exercise of derivative (RSU conversion) — 23,674 shares acquired at $0.00; F = shares withheld for tax payment — 12,085 shares disposed at $42.32, proceeds $511,437.
• Net shares added to holdings: 11,589 (23,674 vested − 12,085 withheld).
• Approximate gross market value of the vested 23,674 shares at $42.32 ≈ $1.00M.
• Footnotes: shares reflect holdings in Vivek R Shah Revocable Trust and an Irrevocable Family Trust; reported share counts were adjusted to reconcile account records; RSUs convert 1:1 and have no expiration.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was a routine RSU vesting event with tax withholding (cashless/withholding settlement), not an open-market buy or sale for investment purposes. Withholding of shares to satisfy taxes (transaction code F) is common and does not on its own indicate bullish or bearish intent. The filing appears timely under Section 16 reporting requirements.