Jones Paul A. 4

What Happened

• Paul A. Jones, Chief People Officer of USANA Health Sciences (USNA), had 4,596 restricted stock units (RSUs) convert into common shares on February 27, 2026 (reported on March 3, 2026). As part of the vest/settlement, 1,349 shares were withheld to cover tax withholding at $21.52 per share, totaling $29,030. The net shares delivered to Jones were 3,247 (4,596 − 1,349).

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-03 (period of report 2026-02-27).
• Converted/received: 4,596 shares via exercise/conversion of a derivative security (Form 4 code M).
• Tax withholding: 1,349 shares withheld (code F) at $21.52/share = $29,030.
• Net shares retained by insider: 3,247 (calculated from reported amounts).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest 25% on the anniversary of Feb 27, 2025 (indicates multi-year vesting schedule).
• No indication in the excerpt that the filing was late.

Context

• This appears to be a routine RSU vesting/settlement rather than an open-market buy or sell. The withholding of shares to cover taxes is common practice (a type of cashless settlement) and does not by itself indicate a buy or sell decision by the insider.
• Code M denotes conversion/exercise of a derivative (here, RSUs converting to common stock); code F denotes shares surrendered to satisfy tax obligations.