McGraner Matt 4

What Happened
Matt McGraner, Executive Vice President, Chief Investment Officer and Secretary of VineBrook Homes Trust, had 34,632.5 restricted stock units (RSUs) convert to common shares on February 17, 2026 (code M — exercise/conversion of derivative). To cover tax withholding (code F), 13,132.215 of those shares were surrendered/withheld at $54.88 per share, a total value of $720,696. That leaves a net of 21,500.285 shares delivered to Mr. McGraner after withholding.

Key Details

• Transaction date: February 17, 2026; Form filed February 19, 2026 (appears filed within the normal two-business-day window).
• Converted/settled shares: 34,632.5 RSUs → 34,632.5 shares (no exercise price).
• Shares withheld for taxes: 13,132.215 shares @ $54.88 = $720,696 (reported as a disposal under code F).
• Net shares received: 21,500.285 shares (34,632.5 − 13,132.215).
• Footnotes: F1 clarifies each RSU equals the right to one share; F3 outlines the original RSU grant and vesting schedule (final vesting 2/17/2026); F2 notes some shares are held in a trust for which Mr. McGraner is trustee and he disclaims beneficial ownership except to the extent of pecuniary interest.
• Transaction types/codes: M = exercise/conversion of derivative (RSU settlement); F = payment of tax liability via share withholding.
• Shares owned after the transaction are not reported on this filing.

Context
This was a routine RSU vesting and net settlement (shares withheld to cover taxes), not an open-market sale or buy. Such withholding is common and reflects tax payment on vested equity rather than a trade indicating a change in insider sentiment.