Glass Ethan Charles 4

What Happened

• Ethan Glass, Chief Legal Officer of Compass, converted vested restricted stock units (RSUs) into 101,733 shares on June 15, 2026 (reported as derivative exercises). No cash exercise price was paid on the conversion. To satisfy tax withholding, 50,970 shares were surrendered/withheld by the issuer at an implied value of $8.59 per share, totaling $437,832.
• The filing also lists two derivative-conversion line items (38,150 and 63,583 shares) that, together with the primary conversion, reflect the mechanics of the RSU settlement and net/share-withholding. There were no open-market sales reported other than the shares surrendered to cover withholding; this appears to be a routine net settlement of vested RSUs rather than a discretionary sale.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely within reporting window).
• Reported transactions: 101,733 shares acquired via RSU settlement (code M, $0.00); 50,970 shares disposed/withheld for tax at $8.59/share = $437,832 (code F); additional derivative conversion/disposition line items of 38,150 and 63,583 shares (code M, $0.00) reflecting settlement mechanics.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1–F4 indicate these were RSUs (each unit converts to one share), shares were withheld to satisfy tax obligations, and the awards are subject to multi-period vesting schedules (some vesting quarterly through Sept 15, 2026; others vest gradually through Sept 15, 2029) conditioned on continued service.

Context

• This filing documents RSU vesting and a net (cashless) settlement where shares are withheld to cover tax withholding — a common, routine insider transaction that does not necessarily signal buying/selling intent in the open market.
• No open-market purchase or discretionary sale by the insider is shown beyond the withholding. The withholding amount ($437,832) is the primary cash figure reported.