Owen Adams Catherine 4

What Happened

• Owen Adams Catherine (Director) reported multiple equity-related transactions on June 18, 2026. She exercised or converted derivative rights for 2,816 shares (reported at $0.00) and had a corresponding derivative disposition reported for the same 2,816 shares. She was also granted/awarded a total of 17,877 restricted stock units (2,927 and 14,950), all reported at $0.00. No cash value is shown in the filing for these transactions.

Key Details

• Transaction date: June 18, 2026; reported file date: June 23, 2026 (filed 5 calendar days later; appears to be 1 business day late under the 2-business-day Form 4 rule).
• Prices: all transactions reported at $0.00 per share (common for option exercises with no cash exchanged and for RSU awards).
• Shares involved: exercised/conversion of 2,816 shares; grants/awards of 2,927 and 14,950 RSUs (total 17,877).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes of note:
  • F1: Each restricted stock unit (RSU) converts to one share upon vesting.
  • F2: The 2,927 RSUs were originally granted June 18, 2025 and vest in full on June 18, 2026; vested shares will be delivered within three business days after vesting.
  • F3: The 14,950 RSUs were granted June 18, 2026 and vest in full on June 18, 2027; delivery within three business days after vesting.
  • F4: Options referenced were granted June 18, 2026 and vest 100% on June 18, 2027.
• No open-market sale or purchase price is reported; these appear to be routine equity compensation events rather than market trades.

Context

• For retail investors: these entries reflect compensation and option/RSU activity — not a straightforward buy or sell in the open market. The exercised/converted 2,816-share line and the matching derivative disposition are reporting conventions for option exercises/conversions and do not necessarily indicate an immediate market sale of shares.
• The RSU grants have future vesting schedules; only the 2,927 RSUs (granted in 2025) vest in full on June 18, 2026 and are to be delivered within three business days. The larger awards/options vest on June 18, 2027.
• Because filing timeliness matters, note the Form 4 was filed after the usual 2-business-day window, which is worth watching but common for administrative delays.