Harris Teresa A 4

What Happened Teresa A. Harris, a director of Ziff Davis (ZD), exercised stock options on 2026-05-07 to acquire 7,903 shares at an exercise price of $43.31 per share, paying $342,279 in total. The Form 4 also reports a grant of 5,723 restricted stock units (RSUs) on 2026-05-06 (awarded at $0.00). The filing additionally lists a 2025-05-07 record of a disposition of 7,903 derivative units (reported at $0.00).

Key Details

• Primary exercise: 7,903 shares acquired on 2026-05-07 at $43.31/share — total cash paid $342,279 (transaction code M = option exercise).
• RSU grant: 5,723 restricted stock units awarded on 2026-05-06 at $0.00 (transaction code A = award).
• Prior entry: 2025-05-07 shows disposition of 7,903 derivative units at $0.00 (reported as a derivative).
• Footnotes: F1 — RSUs have no expiration dates. F2 — RSUs awarded under the Issuer’s 2024 Equity Incentive Plan.
• Shares owned after the transactions: not specified in the filing.
• Filing date: 2026-05-08; the Form 4 appears to have been filed within the typical two-business-day window.

Context

• Option exercise (M) means Harris paid the exercise price to convert options into common shares — an acquisition of stock rather than a sale. This is effectively a purchase of shares by the insider.
• The RSU award is compensation-based (not a purchase) and vests/settles per plan terms; footnotes note no expiration on these RSUs.
• No immediate open-market sale of the newly acquired shares is reported in this filing. The 2025 derivative disposition is listed in the filing but shows no cash value and should be read as a prior derivative-related entry, not a cash sale.