CLIMAX JOHN DR 4

What Happened

• John Climax (Director) had a paired derivative transaction on 2026-05-14: a disposition to the issuer of 5,005 derivative shares and a simultaneous grant/acquisition of 5,005 derivative shares. No dollar prices are reported (N/A).
• This transaction is not a typical open-market buy or sale; the filing’s footnote indicates it reflects an extension of option expiration dates and the related award is fully vested.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (filed next day; not flagged late).
• Disposition: 5,005 derivative shares surrendered to the issuer (code D); Grant/Acquisition: 5,005 derivative shares awarded (code A).
• Price: N/A for both transactions (derivative instruments rather than an open-market trade).
• Footnotes: F1 — reflects extension of option expiration date for a 30 trading-day period under the company’s Share Trading Policy; F2 — fully vested.
• Shares owned after the transaction: not reported in the provided excerpt.

Context

• The filing indicates an administrative adjustment to derivative awards (an option-expiration extension and related award/disposition) rather than a market buy or sale that signals a change in personal investing view.
• For retail investors, purchases are generally more informative; here, the activity appears procedural for option/award management.