CISO Global CEO Jemmett Grant Converts RSUs; Shares Withheld

What Happened Jemmett David Grant, CEO of CISO Global, converted vested restricted stock units (RSUs) into 234,375 common shares (187,500 on 2026-06-13 and 46,875 on 2026-09-14) as those RSUs vested. To satisfy tax withholding obligations, a total of 61,290 shares were surrendered/withheld (49,032 on 6/13 and 12,258 on 9/14) with reported values of $14,219 and $3,065, respectively (combined ~$17,284).

Key Details

• Transaction types: M = conversion/exercise of derivative (RSU conversion to common shares); F = shares delivered/withheld to pay tax liability.
• Dates and amounts:
  • 2026-06-13: 187,500 RSUs converted; 49,032 shares withheld for taxes at $0.29/share (proceeds/value $14,219).
  • 2026-09-14: 46,875 RSUs converted; 12,258 shares withheld for taxes at $0.25/share (proceeds/value $3,065).
• These conversions arise from a 750,000-share RSU grant dated June 13, 2025; 25% vested on 6/13/2026 (187,500) and 6.25% vests quarterly thereafter (46,875).
• Beneficial ownership disclaimers: some shares are held through Jemmett Enterprises, Xander LLC, and the reporting person’s spouse’s trust (see footnotes F2–F4); the reporting person disclaims beneficial ownership except to extent of pecuniary interest.
• Filing timeliness: Form 4 was filed on 2026-09-25 disclosing the 6/13 and 9/14 transactions — both appear to have been reported later than the usual 2-business-day deadline.

Context These were RSU vesting/conversion events (no cash purchase by the insider). The shares were surrendered/withheld to cover tax liabilities rather than an open-market sale — a common administrative result of RSU vesting and not necessarily a directional signal about the CEO’s view of the stock.