NOVAK DAVID C 4

What Happened
David C. Novak, a director of Versant Media Group, Inc. (VSNT), was granted 5,119 deferred restricted stock units (DRSUs) on June 26, 2026. The grant is reported at $36.14 per unit, for a reported grant value of $185,001. This was a non-market award (an acquisition via grant), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant dated 2026-06-26; Form 4 filed 2026-06-29.
• Amount and price: 5,119 DRSUs at a reporting value of $36.14 per share (total $185,001). Transaction code: A (award/grant).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote (important): The DRSUs are contingent rights to one share each. They vest in full on the earlier of June 26, 2027 or the Company’s 2027 annual meeting. Settlement is deferred until the reporting person’s separation from service or earlier on a change in control, death, or disability.
• Filing timeliness: Form 4 was filed three days after the reported grant date; the supplied data did not indicate a late-filing flag.

Context
DRSUs are deferred compensation that convert to shares only upon vesting/settlement events, so Novak did not receive immediately tradable shares. Such grants are commonly used for director compensation and do not alone indicate buying or selling sentiment.