Torpey Daniel Thomas 4

What Happened

• Daniel Thomas Torpey, a director of MDB Capital Holdings, LLC (MDBH), reported the conversion/exercise of derivative awards on 2025-08-14. The filing shows 20,000 shares acquired via exercise/conversion (derivative code M) and a corresponding 20,000-share disposition reported at $0.00 (no proceeds shown).
• The filing’s footnote states the awards were RSUs that convert into common stock on a one-for-one basis (Footnote F1). No cash value or sale proceeds are reported for the disposition.

Key Details

• Transaction date: 2025-08-14 (Report filed: 2026-05-08).
• Acquired: 20,000 shares via exercise/conversion (price: N/A).
• Disposed: 20,000 shares via exercise/conversion (price: $0.00; reported value $0).
• Footnote: F1 — RSUs convert into common stock on a one-for-one basis.
• Shares owned after the transaction: not reported in the provided data.
• Timeliness: The report was filed on 2026-05-08 for a 2025-08-14 transaction, which appears late and may reflect a delayed Form 4 filing.

Context

• Converting RSUs to common stock is typically the vesting/settlement of an equity award rather than an open-market purchase or sale. The filing does not show cash proceeds from a sale; the $0 disposition entry may represent a non-cash settlement or reporting detail, but the form does not explain the reason.
• This report is primarily informational about executive compensation/award settlement; it does not, by itself, indicate a market-directed buy or sell.