DIMITRIEF ALEXANDER 4

What Happened

• Director Dimitrief Alexander converted/settled 26,963 restricted stock units (RSUs) on May 19, 2026. The RSUs were settled for cash at the closing share price of $6.88.
• The filing shows a cash disposition of 10,785 units for $74,201. The full 26,963 units have an aggregate value of about $185,505 at $6.88 per unit. Footnotes state no shares were issued to Mr. Dimitrief and he did not sell any shares on the open market.

Key Details

• Transaction date: May 19, 2026. Price used for settlement: $6.88 per RSU (closing price).
• RSUs converted/settled: 26,963 units (total value ≈ $185,505). Cash received from one reported disposition: $74,201 (10,785 units).
• Footnote: Each RSU equals one share if issued; these RSUs were cash‑settled (no actual shares issued to the reporting person).
• Shares owned after transaction: Not disclosed in the Form 4.
• Filing timeliness: Report covers transactions on the report date and was filed contemporaneously (no late‑filing indication).
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion); D = disposition to issuer (cash settlement).

Context

• This was a cash settlement of vested RSUs, not an open‑market sale of shares. The filing indicates no shares were issued to the insider; the portion not reflected as cash proceeds is consistent with net settlement/withholding (e.g., for taxes), but the Form 4 does not detail the exact withholding mechanics. Cash‑settlements are administrative and do not necessarily signal a buy or sell decision in the open market.