Fasbender Jordan 4

What Happened
Jordan Fasbender, General Counsel & Corporate Secretary of Versant Media Group (VSNT), had 3,720 restricted stock units (RSUs) withheld by the company to cover tax obligations upon vesting. The shares were recorded at $40.83 each, for a total value of approximately $151,888. This was a tax withholding (disposal) rather than an open‑market sale.

Key Details

• Transaction date and price: May 2, 2026 — 3,720 shares withheld at $40.83/share (total ≈ $151,888).
• Transaction type code: F — payment of tax liability via share withholding.
• Footnote: F1 — "3,720 shares were withheld by the Issuer to cover taxes due upon vesting of the RSUs."
• Shares owned after transaction: Not specified in the filing.
• Filing date: Form 4 filed May 5, 2026 (reporting the May 2 transaction).

Context
Tax withholding on vested RSUs is a routine administrative transaction and does not indicate an active sale of shares on the open market or a change in insider confidence. It’s effectively a cashless net settlement to satisfy tax obligations and is common after RSU vesting.