Palisade Bio: CEO Finley John David received 3,227,384 shares

What happened

• Finley John David, CEO, CFO and director, received 3,227,384 shares pursuant to settlement of vested restricted stock units on Oct 6, 2026. The filing shows 1,411,982 shares were withheld to satisfy income tax withholding, valued at $2,103,853. The filing also reports conversion/exercise transactions of 3,059,800 shares and 167,584 shares reported with $0.00 value.

Key details

• Transaction dates and prices: Oct 6, 2026 — settlement/exercise or conversion of derivative for 3,227,384 shares (price listed as N/A); Oct 6, 2026 — payment of exercise price/tax withholding of 1,411,982 shares at $1.49 for $2,103,853; Oct 6, 2026 — exercise/conversion reported for 3,059,800 shares at $0.00 (disposed); Oct 6, 2026 — exercise/conversion reported for 167,584 shares at $0.00 (disposed).
• Shares owned after the transaction: the filing does not report shares owned after the transaction.
• Relevant footnotes: F1 — shares issued pursuant to settlement of vested RSUs; F2 — number of shares withheld to satisfy income tax withholding and remittance obligations and not sold in the public market; F3 — reporting person is managing member of FCW Investments, LLC with sole investment and voting power over that entity's securities; F4 — each RSU represents a contingent right to receive one share; F5 and F6 — vesting schedules (1/3 on Oct 6, 2026 and quarterly thereafter; 1/6 on Jul 6, 2026 and quarterly thereafter).
• Filing timing: filed Oct 7, 2026 for transactions on Oct 6, 2026; the filing does not indicate a late filing.

Why it may matter

• The RSU settlement included share withholding to satisfy tax obligations rather than sales into the public market. The filing reports exercised/converted derivatives with $0.00 reported value for some share lots. A filing does not show why the insider traded or why the company acted.