KRETZMER W BRIAN 4

What Happened

• W. Brian Kretzmer, a director of Ziff Davis, exercised stock options on May 7, 2026, acquiring 7,903 shares at a strike price of $43.31 per share for a total exercise cost/value of $342,279. Separately, on May 6, 2026 he was granted 5,723 restricted stock units (RSUs) under the issuer’s 2024 Equity Incentive Plan (no cash paid for the RSUs).

Key Details

• Transactions reported:
  • 2026-05-07: Exercise/conversion (code M) — 7,903 shares acquired at $43.31; total $342,279.
  • 2026-05-06: Grant/award (code A) — 5,723 RSUs awarded at $0.00 (no cash outlay).
  • The filing also lists a 2025-05-07 derivative entry showing 7,903 shares disposed at $0.00 (reported as a prior derivative conversion/disposition); the filing provides no further detail on that 2025 line.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Footnotes: RSUs have no expiration dates and were awarded under the Issuer’s 2024 Equity Incentive Plan.
• Filing date: 2026-05-08 (reporting the above transactions). This filing appears timely under Section 16 reporting deadlines (transactions occurred May 6–7, 2026).

Context

• Exercise of options (code M) means the insider converted options into common shares by paying the exercise price; because the shares were not reported as sold immediately, this increases his shareholdings on a net basis unless other undisclosed transfers occurred.
• RSU grants are awards that typically vest over time and do not require cash payment; they are compensation rather than open-market purchases.
• Kretzmer is a director (not listed as a 10% owner or company officer in this summary), so these transactions reflect director compensation and option exercise activity rather than an open-market buy or sale by management.