Brandon-Gordon Andrew Mark 4

What Happened Brandon‑Gordon (Chief Strategy Officer, COO and Director) had 200,000 restricted stock units convert to shares upon vesting on Feb 7, 2026. Of those 200,000 shares, 87,556 shares were withheld by the company to satisfy tax withholding (valued at $10.56/share, totaling $924,591). The RSUs were originally granted Aug 7, 2025 and vest in equal quarterly installments over five years. Net shares received by the insider: 112,444 (200,000 issued minus 87,556 withheld).

Key Details

• Transaction date: Feb 7, 2026; Form 4 filed Feb 10, 2026.
• Conversion/derivative code: M (conversion of RSUs to common shares) — 200,000 shares issued at $0.00 exercise price.
• Tax withholding code: F — 87,556 shares withheld at $10.56 per share to cover taxes (value $924,591). These shares were withheld by the issuer and not sold in the open market.
• Vesting grant info: RSUs granted Aug 7, 2025, vest quarterly over five years.
• Shares owned after transaction: not specified in the provided filing.

Context This was a routine equity compensation vesting event (RSU conversion) rather than an open‑market sale or purchase. The withholding of shares to cover taxes is common and does not indicate an open‑market disposition. The filing appears timely for the Feb 7, 2026 vesting (Form 4 filed Feb 10, 2026).