Miller William B 4

What Happened
William B. Miller, Chief Financial Officer of CEA Industries (ticker: BNC), was granted 363,636 restricted stock units (RSUs) on April 6, 2026. The RSUs were awarded at $0.00 (no cash purchase) and are a derivative compensation grant that will convert into common stock on a one-for-one basis upon vesting. This is a compensation/retention award rather than an open‑market purchase or sale.

Key Details

• Transaction date: April 6, 2026; Filing date: April 9, 2026. (Filing does not indicate a late‑file flag in this summary.)
• Award size: 363,636 RSUs; grant price reported as $0.00 (derivative award).
• Vesting: 25% (90,909 RSUs) vest on April 6, 2027; remaining RSUs vest in equal quarterly installments through April 6, 2030, subject to continued service. (Grant made under the CEA Industries Inc. 2026 Inducement Plan.)
• Conversion: RSUs convert into common stock on a one‑for‑one basis upon vesting.
• Shares owned after transaction: Not disclosed in this filing.

Context
RSU awards are a common form of executive compensation intended for retention and alignment with shareholder value; they do not reflect an immediate open‑market investment by the insider. Because these are derivative grants that vest over time, they only become actual shares if and when vesting conditions are met.