Benjamin Mark D 4

What Happened
Benjamin Mark D, a director of PTC Inc. (PTC), reported exercising/converting 1,500 derivative securities on February 11, 2026 (exercise price $0), simultaneously reporting a disposal of 1,500 derivative securities, and being granted 2,024 time‑based restricted stock units (RSUs) on the same date (grant price $0). The transactions show no cash exchanged (all reported at $0). Footnotes in the filing link the exercised/converted units to RSUs that vested and the new grant to a 2027 vesting schedule.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 12, 2026 (next-day filing).
• Exercise/conversion (code M): 1,500 derivative shares acquired @ $0.00.
• Disposal (code M): 1,500 derivative shares disposed @ $0.00 (reported as derivative).
• Grant/award (code A): 2,024 RSUs acquired @ $0.00.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F2: Time‑based RSUs granted Feb 12, 2025 vested Feb 11, 2026 (likely source of the converted/exercised units).
  • F3: RSUs granted Feb 11, 2026 vest at the earlier of PTC’s 2027 Annual Meeting or March 15, 2027.
  • F4: Indicates the filing reports total number of derivative securities beneficially owned, though the post‑transaction total is not stated in this summary.
• Shares owned after transaction: not specified in the provided filing details.

Context
These reported moves are largely compensation‑related (vesting/conversion of RSUs and a new RSU grant) rather than an open‑market purchase or routine sale. The $0 exercise/grant amounts reflect RSU mechanics (vesting and conversion) rather than a cash purchase. Grants and vesting are common for executives/directors and do not by themselves indicate a buy/sell view of the stock.