SCHIFFMAN GREGORY T 4

What Happened
Gregory T. Schiffman, a director of Fabric.AI, received a grant of 45,042 derivative securities reported as an award on 2026-06-18. The filing reports a $0.00 acquisition price (no cash paid reported). The grant is a stock-option-style award that vests over time (see vesting schedule below).

Key Details

• Transaction date: 2026-06-18; reported same day (filed 2026-06-18).
• Amount: 45,042 derivative shares (reported as acquisition, $0.00 per share, total $0 reported).
• Vesting (per footnote): 25% vested at grant date; 25% on 2026-06-30; 25% on 2026-09-30; 25% on 2026-12-31 — vesting contingent on continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed same day; no late filing indicated in the provided data.
• Transaction type: Award/Grant of derivative securities (code A on Form 4).

Context
This was a time-based equity award rather than an open-market purchase or sale. Vesting means the recipient gains the right to the underlying shares/options over time; exercise (if these are options) or conversion would be a separate action and is not shown here. Awards are common compensation for executives and board members and do not by themselves indicate immediate buying or selling of common shares.