Andrietti Bernadette 4

What Happened

• Bernadette Andrietti, a director of CEVA Inc. (CEVA), received a grant of 3,325 restricted stock units (RSUs) on June 2, 2026. The grant was recorded at $0.00 per unit (standard for RSU awards), so the reported acquisition value at grant is $0.
• These RSUs represent the contingent right to receive one share of CEVA common stock upon vesting; according to the filing, 100% of the RSUs will vest on June 2, 2027.

Key Details

• Transaction date: 2026-06-02; Filing date (Form 4): 2026-06-03 (timely filing).
• Transaction type/code: A — Award/Grant (RSUs) at $0.00 per unit; 3,325 RSUs granted.
• Shares owned after transaction: Filing footnote reports 19,438 shares beneficially owned and 6,556 unvested RSUs (per F3).
• Relevant footnotes:
  • F1: RSUs granted under CEVA’s 2011 Stock Incentive Plan.
  • F2: Each RSU converts to one share on vesting; all RSUs vest 100% on 2027-06-02.
  • F3: Beneficial ownership as reported (19,438 shares and 6,556 unvested RSUs).
• Filing timeliness: No late filing flag — Form 4 filed the day after the transaction (within the required reporting window).

Context

• RSU grants are compensation awards, not open-market purchases or sales; they do not immediately change outstanding common shares until they vest and are settled.
• For retail investors, such awards signal ongoing director compensation but do not by themselves indicate a buy or sell decision; vesting and any subsequent sales would be reported separately.