Tolda Stelleo 4

What Happened

• Director Stelleo Tolda reported two transactions: a gift (G) of 250 shares on 2026-06-10 and a grant/award (A, derivative) of 94 shares on 2026-06-12. Both transactions are reported at $0.00 per share (total $0).
• The gift is a disposition (not a sale for cash). The 94-share award is recorded as a derivative/award (likely restricted stock units or similar) subject to vesting.

Key Details

• Transaction dates and prices: 2026-06-10 — Gift of 250 shares @ $0.00; 2026-06-12 — Grant of 94 shares (derivative) @ $0.00.
• Reported value: $0 for both transactions.
• Holdings: Form footnotes report beneficial ownership including 1,018 shares of common stock and 1,011 shares of common stock subject to forfeiture/transfer restrictions.
• Vesting notes: Footnote F1 states Restricted Stock vests on April 8, 2027 (subject to terms); F2 states 100% of restricted stock units vest upon the 2027 annual shareholders’ meeting (date TBD).
• Filing timeliness: Report period covers 2026-06-10; Form 4 was filed 2026-06-12 — appears to be filed within the standard 2-business-day window.
• Administrative note: A power of attorney for Mr. Tolda is incorporated by reference from his Form 3 filed 2024-09-16.

Context

• Gifts are disposals that do not necessarily reflect the insider’s market view and are often for personal or tax reasons. The 94-share award is a non-cash, derivative grant subject to future vesting, so it does not represent immediate market purchases.