Magennis Sean James 4

What Happened Sean Magennis, a director of MDB Capital Holdings, LLC (MDBH), received a 10,000-share award on Feb 9, 2026 at a reported per-share value of $3.90 (total value $39,000). On Apr 20, 2026 he executed a derivative conversion/exercise that resulted in acquisition of 10,000 shares at a reported exercise price of $0.00. Both transactions are acquisitions (awards/exercise), not sales.

Key Details

• Award: 10,000 shares on 2026-02-09 @ $3.90 per share (total reported value $39,000) — code A (award/grant).
• Exercise/Conversion: 10,000 shares on 2026-04-20 @ $0.00 per share — code M (exercise/conversion of derivative).
• Filing date: Form 4 filed 2026-04-22 (reports the Apr 20 transaction).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• No sale reported and no 10b5-1, tax-withholding, or other special plan notes were provided in the items you shared.

Context

• The Apr 20 entry is an exercise/conversion of a derivative instrument into common shares at a $0 exercise price as reported; this can represent conversion of vested awards or options with no cash paid at exercise. The filing shows no immediate sale of the shares (no cashless disposition reported).
• Awards and option exercises are common forms of compensation and do not by themselves indicate an insider opinion about the company's near-term prospects.