Accuray (ARAY) CFO Pervaiz Ali Receives 19,811-Share Award

What Happened

• Pervaiz Ali, Chief Financial Officer of Accuray Inc. (ARAY), received 19,811 shares on 2026-09-23 in connection with achievement of performance-based measures (grant/award).
• Concurrently, 8,915 shares were withheld by the issuer at $0.23 per share (total value ~$2,010) to satisfy tax withholding related to the net settlement of restricted stock units (RSUs). The award shares were issued at $0.00 (no cash purchase).

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-10-01 (timeliness: L — late filing).
• Award: 19,811 shares granted/issued at $0.00 (performance-based award per footnote F1).
• Withholding: 8,915 shares withheld at $0.23/share to cover taxes (~$2,010) as part of RSU net settlement (footnote F3).
• Additional note: filing references 2,500 shares acquired 2026-05-29 under the Employee Stock Purchase Plan (exempt under Rule 16b-3(c)) (footnote F2).
• Shares owned after the transaction: not disclosed in the provided filing details.

Context

• This was a performance-based RSU award vesting and a routine tax-withholding (net settlement) — not an open-market sale. Withholding reduces the net shares delivered to the insider rather than representing a discretionary sale.
• The Form 4 was filed late (filed Oct 1 for a Sept 23 transaction); late filings reduce transparency but do not by themselves indicate insider intent.