Hanspal Amarpreet 4

What Happened

• Hanspal Amarpreet (Director) had 1,500 derivative securities (time‑based RSUs) convert into 1,500 shares of PTC common stock on 2026-02-11. The Form 4 records an acquisition of 1,500 shares at $0.00 (transaction code M) and a simultaneous disposition of 1,500 derivative securities at $0.00. The $0.00 price indicates these were vesting/conversion of RSUs, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-12 (timely).
• Price: $0.00 per share for both the acquisition and the derivative disposition.
• Shares involved: 1,500 common shares acquired via conversion; 1,500 derivative securities (RSUs) disposed (converted).
• Footnotes: F1 = each RSU converts to one share; F2 = these were time‑based RSUs granted 02-12-2025 that vested 02-11-2026; F3 = filing notes the total number of derivative securities beneficially owned (specific post-transaction common‑share total not provided in the excerpt).
• Filing timeliness: Reported the next day (appears timely under Form 4 rules).

Context

• This was a vesting/conversion of RSUs (derivative → common shares), not a market sale or purchase. Such entries typically reflect compensation vesting rather than insider trading intent and do not by themselves signal a buy or sell decision.