Zeigler Robin McBride 4

What Happened

• Director Robin Zeigler recorded the conversion/exercise of 7,192 restricted stock units (RSUs) on February 26, 2026. The filing shows 7,192 shares were acquired upon conversion (derivative exercise) and 7,192 shares were reported as disposed at a price of $0.00. The RSUs were originally granted on February 26, 2025 and vested 100% on the first anniversary of the grant (per footnote).

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02).
• Transaction codes: M (exercise/conversion of derivative security).
• Shares converted/acquired: 7,192 shares; shares disposed: 7,192 shares at $0.00 (no cash proceeds reported).
• Grant/vesting note: These were RSUs granted 2/26/2025 vesting 100% on 2/26/2026 (footnotes F1–F2).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 3 business days later but within two business days counting the weekend (file date 2026-03-02), so no late-filing flag shown.

Context

• This was an RSU vesting/conversion rather than an open-market buy or sale. The disposal at $0.00 commonly reflects shares surrendered or otherwise transferred (often for tax withholding or net settlement), but the filing does not explicitly state the reason. Such conversions are routine compensation events for directors and do not, by themselves, indicate a buy or sell signal from the insider.