ABBAS GIZMAN I 4

What Happened

• Director Abbas Gizman had a tranche of 4,133 Restricted Stock Units (RSUs) vest. As reported, 1,530 of those RSUs were cash-settled to cover taxes for approximately $496,041 (at $324.21 per share), and the remainder were converted into common shares for the insider. The transactions were reported on a Form 4 filed May 27, 2026 for activity dated May 22, 2026.

Key Details

• Transaction date(s): RSU vesting dated May 17, 2026 (final installment); Form 4 reports transactions on May 22, 2026; filing date May 27, 2026.
• Breakdown: 4,133 RSUs vested; 1,530 RSUs were cash-settled at $324.21 each for $496,041; roughly 2,603 shares were issued to the insider after the cash settlement.
• Prices/values: Cash-settled portion valued at $324.21 per share (total ≈ $496,041). The RSU conversion had no exercise price (reported $0.00) — these were equity awards converting to shares.
• Shares owned after transaction: The filing does not state total post-transaction holdings; net result was receipt of about 2,603 shares.
• Footnotes: F1 — RSUs issued under the 2023 Equity Incentive Plan; final installment vested on May 17, 2026. F2 — 1,530 RSUs were cash-settled to cover taxes.
• Timeliness: Transaction dated May 22, 2026; Form 4 filed May 27, 2026 — this is later than the usual two-business-day Form 4 deadline and therefore appears to be filed late.

Context

• These were RSU vesting and settlement actions, not open-market purchases or sales. The cash-settlement of 1,530 RSUs is a routine tax-withholding mechanism rather than a market sale; the insider retained the remaining shares issued on vesting.
• For retail investors: awards/vests increase insider exposure but are driven by prior compensation grants and vesting schedules; cash-settlements for taxes are common and do not necessarily signal a change in insider sentiment.