Richards Paul 4

What Happened
Paul Richards, Chief Financial Officer (also Assistant Secretary and Treasurer) of VineBrook Homes Trust, Inc., had 8,658.125 restricted stock units (RSUs) vest on Feb 17, 2026 and converted them into common stock. To cover tax withholding, 4,098.686 shares were withheld/sold at $54.88 per share, generating $224,936 in proceeds. The transaction codes reported were M (exercise/conversion of a derivative i.e., RSU vesting) and F (payment of tax liability via share withholding).

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely).
• Vested/converted: 8,658.125 RSUs → shares (final tranche per grant vesting schedule).
• Tax withholding/sale: 4,098.686 shares @ $54.88 = $224,936 (reported as disposed under code F).
• Footnotes: F1 — each RSU represents a right to one share; F2 — these RSUs were from a Feb 17, 2022 grant of 13,853 RSUs with a staged vesting schedule; final 5/8 vested Feb 17, 2026 and settlement generally occurs within 10 days (may be cash at committee discretion).
• Shares owned after the transaction: not specified in this filing.

Context
This was a routine settlement of vested RSUs with shares withheld/sold to cover tax obligations (a common post-vesting action), not an open-market purchase or discretionary sale for investment purposes. For derivative transactions like RSU vesting, the important takeaways are the number of units that vested and any shares withheld to satisfy tax liabilities.