Bundick Jason J 4

What Happened
Jason J. Bundick, Executive VP, General Counsel and Corporate Secretary of Healthcare Services Group (HCSG), had derivative/award instruments converted into common stock on 2026-02-24. The filing shows 13,017 shares acquired by exercise/conversion (3,374 + 9,643) at $0.00 exercise price, and 5,523 shares disposed/withheld to satisfy tax withholding obligations (1,432 + 4,091) at $21.40 per share, totaling $118,192 withheld. Net new shares received after withholding: 7,494. This was not an open-market sale by the insider but a conversion/vesting event with company share-withholding to cover taxes.

Key Details

• Transaction date: February 24, 2026; Form 4 filed Feb 26, 2026 (within the standard 2-business-day reporting window).
• Acquisitions (code M): 3,374 shares and 9,643 shares acquired at $0.00 (conversion/exercise).
• Withholding (code F): 1,432 shares and 4,091 shares withheld at $21.40 to pay taxes (total withholding value ≈ $118,192).
• Net shares added to insider’s position: 13,017 acquired − 5,523 withheld = +7,494 net shares.
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes: F1 = shares withheld to pay taxes; F2 = 9,643 shares were common stock earned/delivered from a February 2023 performance stock unit award after performance certification for period ending 12/31/2025; F3 = shares issued at a 1-for-1 conversion; F4 describes separate RSU vesting schedule (20% annually from 2/24/2023).

Context

• These entries reflect award vesting/conversion and tax withholding (common for PSU/RSU settlements), not an open-market sale or purchase.
• Because withholding occurred to cover tax liability, the “disposals” (F) are administrative and do not necessarily signal an intent to reduce ownership.
• For retail investors, award conversions and withholding are routine insider filings; purchases would be a stronger bullish signal than routine vesting/withholding.