CHESTON SHEILA C. 4

What Happened

Sheila C. Cheston, a director of Digimarc Corp (DMRC), was granted 13,643 shares on April 30, 2026. The reported acquisition price is $7.33 per share, giving the award a total reported value of $100,003. This transaction is recorded as an award/grant (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-30; SEC Form 4 filed: 2026-05-01 (appears timely).
• Transaction type: Award/Grant (code A).
• Shares granted: 13,643; price per share reported: $7.33; total value: $100,003.
• Shares owned after transaction: not specified in the summary provided.
• No footnotes or special plan identifiers were provided in the information supplied.

Context

An "A" code award typically reflects a compensation grant (e.g., restricted stock or RSUs) rather than a market purchase; such awards may vest over time and do not necessarily indicate immediate buying/selling intent. This grant is modest in size (~$100k) relative to many insider awards; retail investors should treat it as a disclosure of compensation rather than a clear bullish signal.