Banerjee Madhumita Moina 4

What Happened

• Banerjee Madhumita Moina (listed as a Director) reported the conversion/exercise of a derivative on 2026-02-16. The filing shows 718 shares acquired at an exercise/conversion price of $0.00 and a corresponding disposition entry for 718 derivative units at $0.00. No cash sale or market proceeds are reported — this appears to be the settlement/vesting of RSUs rather than a purchase or open-market sale.

Key Details

• Transaction date: 2026-02-16.
• Transactions reported: 718 shares acquired via exercise/conversion (code M) at $0.00; 718 derivative units disposed at $0.00.
• Dollar value reported: $0 (no cash paid or received in the filing).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — first vesting occurs per the RSU schedule (one-third at first vesting date, then one-third on each anniversary until fully vested).
• Timeliness: Form 4 filed 2026-02-18 for a 2026-02-16 transaction — appears to be filed within the normal 2-business-day reporting window.

Context

• Code M indicates exercise or conversion of a derivative instrument. An exercise price of $0.00 typically reflects RSUs settling into common shares (no cash purchase required), not an option exercise that required payment. The matching "disposed" derivative entry reflects the derivative instrument being settled/terminated upon conversion.
• This is a routine vesting/settlement event and not an open-market purchase (which investors often view as a stronger bullish signal). The filing contains no indication of a sale of the resulting shares.