Hughes Owen 4

What Happened Hughes Owen, CEO of XOMA Royalty Corp (XOMA), exercised/converted 10,568 derivative units on 2026-04-20. The filing shows 10,568 shares acquired at an exercise/conversion price of $0.00 and a matching disposition entry for 10,568 shares at $0.00. No cash payment or proceeds are reported in the filing.

Key Details

• Transaction date: 2026-04-20; Form 4 filed 2026-04-22 (timely filing).
• Instrument/Code: M = exercise or conversion of a derivative (here, Performance Stock Units).
• Shares involved: 10,568 acquired and 10,568 disposed; exercise price reported $0.00; no cash proceeds shown.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Each PSU is a contingent right to one share that vests only if the common stock reaches a specified price and the executive remains in service through vesting dates (see F1).

Context This was a derivative conversion of PSUs into common stock rather than an open‑market buy or sell. Such conversions reflect award vesting/settlement mechanics and do not necessarily indicate a buy/sell decision by the insider.