St Dennis Thomas 4

What Happened St Dennis Thomas, a member of the Board of Directors of Axcelis Technologies, was granted 1,440 restricted stock units (RSUs) on May 15, 2026. The grant was recorded as an award/acquisition (code A) at $0.00 per share (total reported value $0) — these are not immediate free shares but units that convert to shares on vesting. This type of award is compensation for board service rather than an open-market purchase or sale.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 18, 2026 (filed timely).
• Grant: 1,440 RSUs, $0.00 per share (award), total immediate value reported $0.
• Vesting: These RSUs will vest on May 15, 2027 assuming completion of the director’s current board term (footnote).
• Holdings note: The filing states that, as of May 15, 2026, 1,440 of the shares reported as held were issuable on vesting of RSUs and remain subject to forfeiture (i.e., not yet vested).
• Transaction code: A = Award/Grant.

Context RSU grants to directors are common as part of routine compensation and do not represent a cash purchase signal. Because these units vest only if the director completes the specified service period, they primarily reflect compensation and retention incentives rather than immediate insider buying or selling.