HAFT IAN DAVID 4

What Happened

• Ian David Haft, a director of Octave Specialty Group, received an award of 7,441 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the RSUs as a derivative award at $0.00 per unit (no cash paid). These RSUs represent contingent rights to receive common stock in the future rather than immediate share purchases.

Key Details

• Transaction date: 2026-04-01; filing date (Form 4): 2026-04-02 (timely).
• Transaction type: A = Award/Grant (derivative RSUs); reported price per unit = $0.00.
• Shares issued/granted: 7,441 RSUs. The filing does not list total shares owned after the grant.
• Footnotes: Each RSU equals a right to one share. The RSUs vest on April 1, 2027 and will settle into common stock upon vesting or earlier if the director leaves the board, unless the director elects to defer settlement.
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the report.

Context

• RSU grants are compensation and not the same as an open-market purchase; they indicate expected future issuance of shares if vesting conditions are met. Because these RSUs vest one year later and convert into shares only upon vesting (or earlier on board departure), they don't represent an immediate vote of confidence via cash purchase.