Franklin Heather L 4

What Happened

• Heather L. Franklin, a director of XOMA Royalty Corp (XOMA), received an award of 3,586 restricted stock units (RSUs) on 2026-05-21. The Form 4 reports an acquisition at $0.00 per share (total reported value $0), reflecting a grant rather than a cash purchase.

Key Details

• Transaction type/code: A — Grant/Award of RSUs.
• Transaction date: 2026-05-21; Form 4 filed 2026-05-26.
• Shares/units granted: 3,586 RSUs (each RSU represents the right to one share at settlement).
• Price reported: $0.00 per unit; total reported $0.
• Vesting: Per footnote F1, the RSUs vest in equal monthly installments over 12 months from the grant date, contingent on continued service.
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: The Form 4 was filed five days after the transaction date and appears to be filed late relative to the standard two-business-day requirement.
• Other remarks: Exhibit 24 (Power of Attorney) included; no tax-withholding or share-surrender details disclosed.

Context

• RSU grants are a common form of compensation for executives and directors; they do not represent immediately tradable shares until they vest and are settled.
• Because vesting is spread monthly over one year, the delivery of shares will occur incrementally if the reporting person remains in service; the grant itself is informational and not a market purchase or sale.