Caple Kim 4

What Happened

• Director Kim (Caple Kim) reported a conversion/exercise of a derivative security (transaction code M) on 2026-05-22 that resulted in 13,667 shares being issued (acquired; price reported as N/A). The filing also shows a simultaneous disposition of 13,667 shares for $0.00. The filing does not report cash proceeds from the disposition.

Key Details

• Transaction date: 2026-05-22 (reported on Form 4 filed 2026-05-27).
• Transaction codes: M (exercise or conversion of a derivative security).
• Shares involved: 13,667 shares acquired (price N/A) and 13,667 shares disposed ($0.00).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — Each RSU represents the right to receive one share of common stock. F2 — The RSUs vest in full on the earlier of the one-year anniversary of May 22, 2026, or the day before the next annual meeting of stockholders.
• Timeliness: Transaction occurred 2026-05-22 and the Form 4 was filed 2026-05-27 (filed five days after the transaction); no late-filing flag was provided in the summary data.

Context

• Transaction code M and the footnotes indicate these were RSU-related derivative units being converted/settled into common stock. The reported $0 disposition often reflects shares surrendered or issued with no cash consideration (for example, share withholding or conversion mechanics), but the filing excerpt does not specify the reason.
• This was not a cash purchase or open-market sale by the insider, so it is a routine equity award/settlement event rather than a straightforward bullish or bearish trading signal.