Rapino Michael 4

What Happened

• Michael Rapino, a director of Sirius XM Holdings Inc. (SIRI), received an acquisition of 104 shares (recorded as award/acquisition, code "A") on February 27, 2026. The reported price per share is $0.00, reflecting these were additional restricted stock units (RSUs) issued in connection with a company cash dividend rather than an open-market purchase.

Key Details

• Transaction date and price: February 27, 2026 — 104 shares at $0.00 (award/acquisition).
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnote: Sirius XM paid a $0.27 per-share cash dividend (record date Feb 11, 2026). Under the terms of the filer’s outstanding RSUs, the filer received additional RSUs as a result of the dividend; these additional units carry the same vesting and settlement conditions as the underlying RSUs.
• Timeliness: Filing date Mar 2, 2026; filing appears timely (within the Form 4 reporting window).

Context

• These shares were granted as dividend-related additional RSUs, not bought or sold in the open market. Such dividend adjustments are typically routine and reflect the mechanics of the company's RSU plan rather than a discretionary insider purchase or sale. The additional units remain subject to the original vesting and settlement terms.