Paulson John 4

What Happened

• John Paulson, reported as a 10% owner of Acadian Asset Management Inc. (AAMI), had 5,750 restricted stock units (RSUs) convert into 5,750 shares on 2026-05-14 (transaction code M — exercise/conversion of derivative). The filing shows an acquisition of 5,750 shares at $0.00 and a simultaneous disposition of 5,750 shares at $0.00; total reported cash consideration for both entries is $0.00. The Form 4 was filed on 2026-05-18 (timely).

Key Details

• Transaction date: 2026-05-14; Form filed: 2026-05-18.
• Transaction code: M (exercise/conversion of derivative); reported prices: $0.00 per share; total $0.
• Shares involved: 5,750 acquired (conversion) and 5,750 disposed (reported as derivative disposal).
• Shares owned after transaction: not specified in the information provided.
• Footnotes: F1 — each RSU equals a right to receive one common share; F2 — these 5,750 RSUs were granted on 2026-05-14 (grant year listed as 2025 in the footnote text) and vested upon the earlier of May 14, 2026 or the 2026 annual meeting.
• Filing timeliness: Filed within the required window (transaction 5/14, filed 5/18), so not indicated as late.

Context

• This was not an open-market buy or sell. It reflects vesting/conversion of RSUs into shares. The simultaneous zero-dollar disposition reported alongside the conversion is commonly used in filings for conversion mechanics (for example, shares issued and immediately transferred or withheld), but the Form 4 here does not specify the exact reason for the disposal or any cash transfer. As a 10% owner, Paulson’s filing indicates institutional-level insider activity rather than routine executive trading.