Singer Eric 4
4 · UNIVERSAL ELECTRONICS INC · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
UEIC 10% Owner Eric Singer Converts 18,437 RSUs
What Happened
Eric Singer (reported as a 10% owner) converted/settled 18,437 restricted stock units (RSUs) into Universal Electronics (UEIC) common shares on May 19, 2026. The filing shows an acquisition via conversion (18,437 shares, price N/A) and a simultaneous disposition of 18,437 shares at $0.00 — consistent with RSUs vesting and shares being surrendered or withheld rather than an open-market sale. No cash proceeds were reported.
Key Details
- Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (timely).
- Acquired: 18,437 shares via conversion of RSUs (price N/A per footnote).
- Disposed: 18,437 shares at $0.00 (reported as derivative disposition — likely shares withheld/surrendered to satisfy tax withholding or settlement).
- Shares owned after transaction: not specified in the filing; footnote indicates certain UEIC shares are held by Toro 18 Holdings LLC, which Eric Singer may be deemed to beneficially own.
- Relevant footnotes: F1 defines each RSU converts to one share; F3 notes these 18,437 RSUs were granted on July 1, 2025 and vested under the stated schedule; F2 describes indirect holdings through Toro 18 Holdings LLC.
Context
This is a conversion/settlement of previously granted RSUs (an award vesting), not an open-market buy or cash sale by the insider. The reported disposition at $0.00 typically reflects shares surrendered or withheld to satisfy tax or settlement obligations (a routine administrative step), not a market sale that would signal immediate cashing out. As a reported 10% owner with indirect holdings through Toro 18, this filing documents institutional/related-party holdings rather than a standard executive open-market trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-19+18,437→ 80,984 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-05-19−18,437→ 0 total→ Common Stock (18,437 underlying)
- 1,544,647(indirect: By Group)
Common Stock
[F2]
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
- [F2]Shares of the Issuer's Common Stock held directly by Toro 18 Holdings LLC ("Toro 18"). Immersion Corporation, as the sole member of Toro 18, may be deemed to beneficially own the shares held directly by Toro 18. William C. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the shares held directly by Toro 18. Eric Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities held directly by Toro 18.
- [F3]On July 1, 2025, the reporting person was granted 18,437 restricted stock units, with 100% vesting upon the earlier of (i) one year following the date of grant and (ii) immediately prior to the Company's next annual meeting of stockholders.