Nienaber Laurenz Malte 4

What Happened
Laurenz Malte Nienaber, a director of Tucows Inc. (TCX), received an award of 3,750 derivative shares on June 2, 2026. The grant is reported as acquired at $0.00 per share (no cash paid). The filing classifies the transaction as a derivative award (code A).

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-09 (filed 7 days after the transaction; outside the typical 2-business-day Form 4 window).
• Security: 3,750 shares (derivative securities) granted at $0.00 per share. Reported total value: $0.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Reporting person disclaims beneficial ownership of these securities (the filing explicitly states the reporter does not claim beneficial ownership).
• Transaction code: A = Award/Grant (derivative).

Context
A grant of derivative shares usually reflects a board or compensation award (for example, restricted stock units or similar) that may convert into common stock according to vesting terms; the filing does not specify vesting or conversion details. The beneficial-ownership disclaimer suggests the shares may be held or controlled in a way that the reporting person does not claim direct beneficial ownership. The late filing is noted but does not by itself indicate any change in the underlying award.