Dessy Alberto 4

What Happened

• Director Dessy Alberto reported RSU activity on May 12, 2026. According to the Form 4, 17,316 restricted share units (RSUs) were recorded as granted/awarded (derivative). On the same date 14,801 RSUs were converted/exercised into ordinary shares and 2,393 shares were withheld to satisfy tax withholding at $11.55 per share, totaling $27,639. The filing shows a corresponding disposal of 14,801 shares in connection with the conversion/exercise.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026.
• Conversions/Exercises (code M): 14,801 shares converted; 14,801 shares disposed (per filing).
• Tax withholding (code F): 2,393 shares withheld at $11.55/share = $27,639.
• Grant/Award (code A): 17,316 RSUs recorded as acquired (derivative).
• Footnotes:
  • F1: Certain RSUs vest on May 12, 2026 (contingent right to one ordinary share on vesting).
  • F2: Shares were withheld to pay tax liability.
  • F3: Certain RSUs vest on May 11, 2027 and have no expiration date.
• Shares owned after the transaction are not specified in the supplied data.

Context

• These transactions are primarily vesting/conversion and tax-withholding actions tied to RSUs rather than open-market purchases. The exercise/conversion plus a same-day disposal of 14,801 shares suggests the award was converted and a portion was surrendered/sold (cashless-style) or otherwise disposed to cover obligations; 2,393 shares were specifically withheld for taxes. Such vesting and withholding are routine compensation events and do not, by themselves, indicate the insider’s view of the company’s stock.