Martin J Chandler 4

What Happened

• Martin J. Chandler, a director of Sonida Senior Living, received a grant of 4,132 restricted stock units (RSUs) on June 11, 2026. The Form 4 reports the RSUs at $0.00 (no cash paid) because this is an equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-15)
• Transaction type: Award/Grant (code A) — 4,132 RSUs granted at $0.00
• Vesting: The RSUs vest in full on June 11, 2027, subject to Mr. Chandler remaining a member of the board (see footnote)
• Shares owned after transaction: Not specified in the provided filing summary
• Filing timeliness: Filed 2026-06-15 — appears timely (Form 4 due within two business days after the transaction)

Context

• This was an equity compensation award to a board member (common for non-employee directors) and not an open-market purchase or sale. Awards like RSUs are compensation, not direct market bets, and generally vest over time subject to continued service. The footnote confirms a one-year cliff vesting contingent on continued board membership.