Liu Liang Chiu-Chu Sara 4

What Happened
Liu Liang Chiu‑Chu Sara (listed as a 10% owner) had 3,650 restricted stock units (RSUs) convert into common shares on February 17, 2026. Of those, 2,108 shares were withheld by the company to satisfy tax withholding at $30.11 per share, totaling $63,472. The RSUs settled with no cash exercise price (net delivery), so the net shares issued to the reporting person were 1,542 (3,650 − 2,108).

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely — Form 4 is generally due within two business days).
• Vested/converted: 3,650 RSUs → 3,650 shares (derivative conversion, reported as code M, $0 exercise).
• Tax withholding: 2,108 shares withheld at $30.11 each = $63,472; withholding was a company net settlement, not an open‑market sale (footnote: exempt under Rule 16b‑3(e)).
• Vesting schedule note: These RSUs vest in two equal tranches (Feb 17, 2026 and Aug 17, 2026) per the filing — this appears to be one half of the grant.
• Shares owned after transaction: not specified in the filing.

Context
This was a vesting/settlement of RSUs (an award), not a purchase or an open‑market sale. The company’s withholding of shares to cover taxes is a routine administrative action and does not necessarily signal insider sentiment. As a reported 10% owner, this is a principal transaction (award settlement), not trading in the open market.