Ciesla Craig 4

What Happened

• Director Ciesla Craig reported the vesting/conversion of 20,161 restricted stock units (RSUs) into common shares on March 31, 2026 (transaction code M = exercise/conversion of a derivative). The same filing also reports a 20,161-share disposition at a $0.00 price (no cash proceeds reported). This transaction reflects an award/settlement event (vesting of RSUs), not an open-market purchase or typical cash sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
• Reported entries: 20,161 shares acquired via conversion/exercise (derivative, code M) and 20,161 shares disposed at $0.00.
• Footnotes: F1 = each RSU represents the right to one share upon vesting. F2 = RSUs granted under the 2025 Equity Incentive Plan; 20,162 RSUs vested on 7/15/2025 and 20,161 RSUs vested on each 9/30/2025, 12/31/2025 and 3/31/2026 (totaling 80,645 RSUs vested across those dates per the footnote).
• Shares owned after the transaction: not provided in the supplied details.
• No 10b5-1 plan, tax-withholding method, or cash consideration is specified in the provided filing.

Context

• This is an award vesting/settlement (RSU conversion) rather than an open-market purchase or cash sale. The reported disposal at $0.00 means no cash proceeds were shown; the filing does not state the reason (e.g., tax withholding or share cancellation). For retail investors, RSU vesting is routine compensation/settlement activity and is not the same signal as an insider buying shares on the open market.