Palisade Bio (PALI) CEO Finley Receives RSUs, Sells 3,896 Shares

What Happened
Finley John David, CEO (also listed as CFO and Director), had 13,333 RSUs converted/settled into common shares on Feb 11, 2026 and subsequently sold 3,896 shares in an open-market transaction on Feb 12, 2026 for $1.75 each, netting $6,818. The Form 4 also shows a derivative conversion entry for 13,333 shares (reported with $0 consideration) related to the RSU settlement.

Key Details

• Transaction dates: Feb 11, 2026 (RSU settlement / derivative conversion) and Feb 12, 2026 (open-market sale). Form filed Feb 13, 2026 (timely).
• Shares acquired via conversion/settlement: 13,333 RSUs converted into shares (footnote: issued pursuant to settlement of vested RSUs granted Feb 11, 2025; each RSU = 1 share).
• Shares sold: 3,896 shares at $1.75 each for $6,818 (footnote: sale was to cover tax withholding obligations related to the RSU vesting).
• Derivative/technical entry: a conversion/exercise (code M) for 13,333 shares is reported with $0 consideration (reflecting the RSU settlement mechanics).
• Ownership after transaction: not specified in the excerpt of the filing provided.
• Additional footnotes: filing notes the Reporting Person is managing member of FCW Investments, LLC (sole investment/voting power over securities held by that entity); RSU award terms indicate vesting in three equal annual installments beginning Feb 11, 2026 (as disclosed).

Context
This was primarily an equity award settlement (RSUs) with a small-sale to cover taxes — a common, routine insider transaction. The conversion of RSUs into shares and the subsequent partial sale do not, by themselves, indicate a buy or sell signal about future company prospects. The filing was submitted within the typical two-business-day window after the transaction dates.