Cormier Renae Terese 4

What Happened

• Renae Cormier, Chief Financial Officer of ProCap Financial, had 157,443 restricted stock units (RSUs) settle into common shares on 2026-03-23. The issuer withheld 74,278 of those shares to cover tax withholding at an effective price of $2.62 per share (total withholding value $194,608). Net shares received: 83,165.
• This was not an open-market buy or a voluntary sale by the insider — it was the routine vesting/settlement of RSUs, with a portion forfeited to the company to meet tax obligations.

Key Details

• Transaction dates and prices:
  • 2026-03-23: Award/settlement (Code A) — 157,443 shares acquired @ $0.00 (RSU vesting).
  • 2026-03-23: Tax withholding (Code F) — 74,278 shares disposed @ $2.62 per share = $194,608 withheld.
• Net shares received after withholding: 83,165 shares.
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 confirms RSUs settled into shares (1 RSU = 1 share). F2 confirms shares were withheld by the issuer to satisfy tax withholding obligations.
• Filing: Form 4 filed 2026-03-25 for transactions dated 2026-03-23 — filed within the typical two-business-day window (not flagged late).

Context

• RSU settlement is a compensation event (an acquisition of shares upon vesting) rather than a purchase that signals increased personal investment. The share withholding to cover taxes is a routine, administrative disposition (similar to a cashless exercise) and does not necessarily reflect the insider's view on the company’s stock.
• For retail investors, award receipts are useful to track executive compensation and potential future selling constraints, but they aren’t direct evidence of bullish or bearish trading intent.