BIENAIME JEAN JACQUES 4

What Happened
Jean Jacques Bienaime (Director) exercised 15,000 stock options on 2026-05-26, at an exercise price of $84.53 per share for a total exercise cost of $1,267,950. The issuer withheld 13,059 of the newly issued shares to satisfy the exercise cost and tax withholding (reported as a disposition valued at $97.10 per share, $1,268,029). Net shares issued to Bienaime after withholding: 1,941. The filing also records the option conversion line (derivative conversion recorded at $0.00), which is a routine reporting entry.

Key Details

• Transaction date: 2026-05-26; Form 4 filed 2026-05-28 (timely filing).
• Option exercise: 15,000 shares exercised at $84.53/share (total $1,267,950).
• Withholding/tax payment: 13,059 shares withheld at $97.10/share (reported disposition $1,268,029).
• Net shares received by insider: 1,941 shares (15,000 − 13,059).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — shares automatically withheld by the issuer to satisfy exercise/tax payment; F2 — filing’s beneficial ownership figure includes 2,518 unvested RSU shares; F3 — the option vests in full on the first anniversary of grant, or earlier at the next regular annual meeting or upon a change of control.
• Transaction codes: M = option exercise/conversion; F = shares withheld for payment/taxes. No 10b5-1 plan or gift reported.

Context
This was an option exercise with company share withholding (a cashless-style settlement) to cover exercise costs and tax obligations — a common, routine way insiders exercise equity awards. Withheld shares were returned to the issuer rather than sold on the open market; the transaction does not represent an open-market sale to third parties and should be read as routine compensation/exercise activity rather than a directional bet on the stock.