BERNSHTEYN ROBERT 4

What Happened

Robert Bernshteyn, a director of PTC Inc. (PTC), had derivative securities convert and received a new restricted stock unit (RSU) award on Feb 11, 2026. The filing shows:

• Two "M" (exercise/conversion) entries for 1,500 shares each acquired at $0.00, and
• One "A" (award/grant) entry for 1,703 RSUs acquired at $0.00.

One of the exercised/conversion entries corresponds to time‑based RSUs granted on Feb 12, 2025 that vested on Feb 11, 2026 and converted into common shares (acquired at $0). The 1,703 RSUs were granted on Feb 11, 2026 and vest at the earlier of PTC’s 2027 annual meeting or March 15, 2027. These transactions are compensation-related (vesting/conversion and a new grant), not open-market purchases or sales.

Key Details

• Transaction date(s): Feb 11, 2026; Form 4 filed Feb 12, 2026 (timely).
• Prices: $0.00 per share (reflects RSU conversion/award, not a cash purchase).
• Reported items: two M (exercise/conversion) entries of 1,500 shares each; one A (award) of 1,703 RSUs.
• Shares owned after transaction: Not specified in the provided excerpts of the filing.
• Footnotes of interest:
  • F1: Each RSU = contingent right to one share.
  • F2: RSUs granted Feb 12, 2025 vested Feb 11, 2026 (converted).
  • F3: RSUs granted Feb 11, 2026 vest in 2027 (or at the 2027 meeting).
  • F4: Some lines report total derivative securities beneficially owned.
• No indication this was part of a 10b5-1 plan or a sale—these are routine compensation events.

Context

• Exercise/conversion at $0.00 typically reflects RSUs vesting and converting into stock rather than a cash exercise of an option.
• Grants and vested RSU conversions are common compensation for executives and directors and do not necessarily signal a personal buy/sell decision.
• For investors, purchases or open-market sales by insiders are often more directly informative about sentiment; compensation-related conversions/awards mainly reflect company pay practices.