Santana Maria Helena dos Santos Fernandes de 4

What Happened

• Director Santana Maria Helena dos Santos Fernandes de had 4,166 restricted stock units (RSUs) vest on May 1, 2026. The RSUs were converted into 4,166 Class A common shares (derivative conversion).
• To cover tax withholding, 1,146 of those shares were withheld/treated as disposed at $4.25 per share, totaling $4,871. After withholding, Santana received a net 3,020 shares.
• This is an award/vesting transaction (not an open‑market purchase or a deliberate sale to an outside party).

Key Details

• Transaction date: May 1, 2026 (reported on Form 4 filed May 5, 2026). Filing appears timely (within the normal reporting window).
• Entries on the Form 4 use codes: M = exercise/conversion of derivative (the RSUs converting to shares); F = payment of exercise price or tax liability (shares withheld for taxes).
• Specifics reported: 4,166 RSUs converted; 1,146 shares withheld at $4.25/share for $4,871; net 3,020 shares issued to the insider.
• Footnotes: F1 clarifies each RSU equals one Class A share; F2 notes the RSUs were granted June 10, 2025 and vested in full May 1, 2026.
• Shares owned after the transaction are not specified in the supplied filing excerpt.

Context

• This is a routine RSU vesting and tax-withholding event, not a market sale or purchase. The withholding is a common administrative step to satisfy tax obligations and does not necessarily indicate a change in insider sentiment.
• For retail investors: award vestings increase insider ownership; purchases are often more informative as bullish signals, while vestings primarily reflect compensation being paid out.