Rapino Michael 4

What Happened

• Michael Rapino, listed as a Director of Sirius XM Holdings Inc., was granted/acquired 83 shares (reported as restricted stock units) on May 27, 2026. The reported price per unit is $0.00, so the transaction value is $0. These units were issued as additional restricted stock units tied to the company’s cash dividend.

Key Details

• Transaction date: 2026-05-27 (reported on Form 4 filed 2026-05-28). Transaction code: A (award/acquisition).
• Price: $0.00 per unit; Total reported value: $0.
• Shares acquired: 83 additional restricted stock units.
• Footnote: Sirius XM paid a $0.27 per-share cash dividend with record date May 11, 2026. Under the governing agreement for the filer’s restricted stock units, Rapino received additional RSUs as a dividend equivalent; these additional units carry the same vesting and settlement terms as the underlying RSUs.
• Shares owned after transaction: not disclosed in this filing.
• Timeliness: Filed the day after the transaction date; no late-filing indication in this report.

Context

• These are dividend-equivalent restricted stock units, not an open-market purchase or sale. They do not reflect immediate cash proceeds or a change in voting stock held today (units remain subject to existing vesting and settlement conditions).
• Such awards are routine corporate actions when companies issue dividend equivalents on outstanding RSUs and should not be read as a direct bullish or bearish trading signal.