PTC Director Robert Bernshteyn Converts 1,117 RSUs to Shares

What Happened

• Robert Bernshteyn, a director of PTC Inc. (PTC), reported the conversion/exercise of 1,117 derivative units (code M) on September 15, 2026. The filing shows an acquisition and a corresponding disposition of 1,117 shares at $0.00. Footnotes explain these were time‑based restricted stock units (RSUs) granted on Sept. 9, 2024 that vested on Sept. 15, 2026, and that each RSU represents a contingent right to one share of PTC common stock. No cash was reported as paid or received in the transaction.

Key Details

• Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-17)
• Transaction code: M (exercise or conversion of derivative)
• Shares involved: 1,117 RSUs converted; reported acquisition and disposition both for 1,117 shares at $0.00
• Shares owned after transaction: not specified in the filing for total common shares held
• Footnotes: F1 (each RSU = one share), F2 (time‑based RSUs granted 9/9/2024 vested 9/15/2026), F3 (amount shown relates to derivative securities beneficially owned)
• Timeliness: Filing dated 2026-09-17 for a 2026-09-15 transaction — reported within the typical two-business-day window (timely)

Context

• This was a conversion/vesting of RSUs rather than an open‑market buy or sale; the $0.00 price indicates the shares resulted from the vesting/conversion event. Such RSU vesting is typically a routine compensation/benefit event for insiders and does not, by itself, indicate a buy or sell sentiment.