Levine Jon R 4

What Happened

• Jon R. Levine (listed as a 10% owner) had restricted stock units (RSUs) convert to common stock on May 29, 2026. The filing shows an acquisition of 46,875 shares at $0.00 (conversion of RSUs).
• To satisfy tax withholding, 16,243 shares were withheld/disposed at an effective price of $0.08 per share for a total tax withholding value reported as $1,308. The filing also shows 46,875 shares disposed (derivative), which the filer indicates are held in trust for the reporting person’s spouse and children (the filer disclaims beneficial ownership).

Key Details

• Transaction date: May 29, 2026; Filing date: June 2, 2026 (filed within a typical reporting window).
• RSU conversion: 46,875 shares acquired at $0.00 (vested/converted).
• Tax withholding: 16,243 shares withheld at $0.08 per share for $1,308 (code F — tax withholding).
• Transfer/disposition: 46,875 shares disposed (reported as derivative conversion/transfer); footnote states these shares are held in trust for spouse and children and the reporting person disclaims beneficial ownership (footnote F3).
• Shares owned after transaction: Not specified in the provided filing details.
• Grant vesting schedule note: These RSUs were originally granted Nov 29, 2024; remaining installments vest on Nov 29, 2026, May 29, 2027 and Nov 29, 2027 (footnote F4).

Context

• This was a conversion/vesting of RSUs (not an open-market purchase or sale). The $0.00 acquisition price reflects the conversion of awards into shares; the only cash value reported relates to tax withholding ($1,308).
• The transfer of shares to a family trust (with a disclaimer of beneficial ownership) is an intra-family/estate planning move and not a market sale — such transfers don’t necessarily signal the reporting person’s market view.
• As a 10% owner (not necessarily an executive transaction), this filing reflects award vesting and related withholdings rather than an active buy/sell for investment signaling.