Liu Michael K 4

What Happened

• Michael K. Liu, EVP—Operations at Knight‑Swift (KNX), had 2,422 restricted stock units (RSUs) convert into 2,422 shares on January 31, 2026. Of those, 1,179 shares were withheld to cover tax withholding at $55.10 per share (total withholding value $64,963). Net shares issued to Liu were 1,243 shares.
• The RSU conversion is reported as derivative exercise/conversion (code M) and the withholding is reported as a tax payment/disposition (code F). The RSUs converted at $0.00 exercise price (typical for vested RSUs).

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026.
• Conversion: 2,422 RSUs → 2,422 shares (exercise/conversion code M, $0.00 exercise price).
• Tax withholding: 1,179 shares withheld at $55.10 per share = $64,963 (code F).
• Net shares delivered to insider: 1,243 shares.
• Footnotes: F1 — RSUs convert one‑for‑one into Class A common stock. F2 — Remaining stock units vested on Jan 31, 2026; stock issued as vested.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: Form 4 filed Feb 3, 2026 reporting the Jan 31 vesting (no late‑filing indication in the provided data).

Context

• This is a routine RSU vesting and tax‑withholding event, not an open‑market sale. Withholding shares to cover taxes is common and does not necessarily indicate a change in insider sentiment. The conversion was effectively a cashless delivery of vested RSUs (no cash exercise price).