DOUG RICE 4

What Happened
Doug Rice, Chief Financial Officer of MIMEDX Group, exercised or converted derivatives to acquire 243,000 shares at $4.50 per share (total value $1,093,500) on March 10, 2026. Concurrently, 96,363 shares were disposed/withheld at the same $4.50 price to satisfy exercise price and tax withholding obligations (value ~ $433,634). The filings indicate the issuance/settlement resulted from vested performance stock units (PSUs).

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (filed within the typical 2-business-day window).
• Acquired: 243,000 shares via exercise/conversion of derivative (code M) at $4.50/share = $1,093,500.
• Disposed/withheld: 96,363 shares (code F) at $4.50/share = $433,634 to cover tax/exercise obligations.
• Footnotes: F1 — shares reflect payout from PSUs covering performance period 1/1/2023–12/31/2025 (granted 7/5/2023). F2 — shares were withheld/sold per company policy to pay tax liabilities upon vesting.
• Shares owned after the transactions: not specified in the information provided in this summary.

Context
This was effectively a net settlement of vested PSUs: shares were issued on vesting/exercise and a portion was withheld/surrendered to satisfy taxes and/or exercise costs (common practice and does not necessarily indicate an open-market sale for cash). The primary economic event is an acquisition of shares through conversion/vesting rather than an opportunistic market buy or unrelated sale.