Tasso Marco 4

What Happened

• Marco Tasso, EVP and COO, Global Lottery at Brightstar (BRSL), had 3,291 restricted share units (RSUs) convert to ordinary shares on July 14, 2026 (reported on Form 4 filed July 16, 2026). Of those shares, 1,416 were withheld to cover tax withholding at $11.04 per share, totaling $15,633. Net shares issued to him were 1,875.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion), F = shares withheld for tax liability. This was a vesting/issuance event (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-07-14; Form 4 filed: 2026-07-16 (timely filing).
• RSU conversion: 3,291 shares (reported as M — conversion of derivative).
• Tax withholding: 1,416 shares disposed (F) at $11.04 each = $15,633.
• Net shares received: 3,291 − 1,416 = 1,875.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — each RSU converts to one ordinary share; these RSUs vest in three substantially equal annual installments on July 14 of 2026, 2027 and 2028 and have no expiration. F2 — shares were withheld to pay taxes.
• Filing timeliness: filed within two business days of the transaction (appears timely).

Context

• This is a routine vesting of RSUs with shares withheld to cover tax obligations (a common cashless withholding), not an open-market sale. Such withholding is administrative and does not necessarily indicate insider sentiment about the stock.
• For retail investors, purchases or open-market insider buys are often more informative than routine vesting and tax-withhold events like this one.