Finley John David 4

What Happened

• Finley John David (CEO, CFO, Director) was granted 2,011,000 Restricted Stock Units (RSUs) on 2026-02-09. The reported acquisition price is $0.00 (award/derivative), so no cash was paid by the insider.
• The filing reports the grant as a derivative award (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-09; Form 4 filed 2026-02-11 (timely within the usual 2-business-day window).
• Award size: 2,011,000 RSUs; reported acquisition price $0.00 (code A — award/grant).
• Shares owned after transaction: Not specified in the information provided in this summary.
• Footnote F1: Each RSU represents a contingent right to one share of common stock; until Palisade has sufficient shares reserved under its 2021 Equity Incentive Plan, RSUs may be settled in cash upon vesting.
• Footnote F2 (vesting): 1/6 of the RSUs vest on July 6, 2026, then 1/12 of the total grant vests quarterly over the following 10 quarters, subject to continuous service.

Context

• This is a standard equity award to an executive (grant), which is different from a purchase (which can signal immediate insider bullishness) or a sale (which can be liquidity). RSUs are typically long-term compensation and will only convert to shares (or cash) as they vest.
• Because the RSUs can be cash-settled until shares are available under the plan, immediate share issuance may not occur even when vesting conditions are met.