David Reed 4

What Happened

• David Reed, a director of Advanced Energy Industries, had 2,313 restricted stock units (RSUs) convert into 2,313 shares of common stock on May 2, 2026. The filing records this as an exercise/conversion of a derivative (code M) resulting in acquisition of 2,313 shares. No cash purchase price is reported — the conversion reflects vesting of previously granted RSUs rather than an open-market buy.

Key Details

• Transaction date: May 2, 2026 (reported on Form 4 filed May 5, 2026).
• Security and amount: 2,313 shares acquired via conversion of RSUs (derivative transaction code M); price reported as N/A (no cash paid).
• Origin of the award: 2,313 RSUs were originally granted on May 2, 2025 and vested one year later; RSUs convert one-for-one into common stock (footnote).
• RSU terms: RSUs are not exercisable and have no expiration date (footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported within a few days of the transaction (no late-filing indication).

Context

• This was a routine vesting/conversion of previously granted RSUs, not an open-market purchase or sale. Such vesting events increase insider-held shares but do not by themselves signal a buy or sell decision.