Quinn Sean Edward 4

What Happened

• Sean Quinn, Chief Financial Officer of Cimpress plc, had restricted share units (RSUs) and performance share units (PSUs) convert/vest into 8,522 ordinary shares on Feb 15, 2026. The derivative conversions show an exercise/conversion price of $0.00 (typical for RSU/PSU awards).
• To satisfy tax withholding, 2,546 of those shares were disposed (sold) at $74.27 per share, raising $189,091. Net shares retained from the vesting event: 8,522 − 2,546 = 5,976 shares.
• This is primarily an award vesting event (acquisition of shares) with a routine withholding sale to cover taxes, rather than an open-market sale for other purposes.

Key Details

• Transaction date: 2026-02-15; Filing date (Form 4): 2026-02-17 (appears timely — filed two days after the transaction).
• Recorded transactions: three conversions/vests of 2,300; 4,571; and 1,651 shares (total 8,522) at $0.00 (derivative conversion). Tax withholding: 2,546 shares disposed at $74.27 each = $189,091.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Codes: M = exercise/conversion of derivative (RSU/PSU conversion); F = payment of tax liability (withholding sale).
• Relevant footnotes: RSUs and PSUs converted to ordinary shares (F1, F2). Vesting schedules noted — RSUs vest 25% after one year then annually over four years (F3); PSUs vest 25% after the first vesting date and the remainder quarterly thereafter based on performance (F4). PSUs are subject to attainment of performance conditions before final share determination.

Context

• This was a vesting/conversion of restricted and performance awards, not an open-market purchase or discretionary sale. The partial sale was a cashless-type withholding to cover tax obligations and is common for equity compensation.
• Because PSUs depend on performance metrics, the number of shares issued from those awards reflects the plan’s performance determination (per footnote) rather than a voluntary trade by the insider.