Raykov Rosty 4

What Happened

• Director Raykov Rosty exercised stock options and completed a related share sale. On 2026-05-01 he exercised 15,598 options at $2.45 per share (cost = $38,215). That same day he sold 10,781 shares in the open market at $6.47 per share, receiving $69,753. Additionally, 2,778 restricted shares awarded 5/16/2024 were released to him on 2026-04-30 (no cash paid).

Key Details

• Transaction dates and prices:
  • 2026-04-30: 2,778 shares released from restriction (F1) — acquired at $0.00.
  • 2026-05-01: Exercised 15,598 options at $2.45/share (Acquired) — $38,215 (F2, F4).
  • 2026-05-01: Sold 10,781 shares in open market at $6.47/share — $69,753 (F3).
  • Filing accession: 0001468316-26-000013; report filed 2026-05-01 (timely).
• Shares owned after the transactions: not specified in the provided transaction details.
• Notable footnotes:
  • F1: release of restricted shares awarded 5/16/2024.
  • F2/F4: exercise occurred pursuant to a 10b5-1 plan adopted 9/19/2025.
  • F3: the open-market sale was to satisfy tax obligations from the option exercise (per the 10b5-1 plan).
• Timeliness: Report covers transactions on 4/30 and 5/01 and was filed on 2026-05-01 — appears timely.

Context

• This was an option exercise with immediate share disposition to cover taxes (a common, routine cashless outcome) rather than a standalone buy indicating new bullish conviction. M = option exercise/conversion; S = sale. The exercise required outlay ($2.45/share); some shares were sold under the 10b5-1 plan to satisfy tax withholding.