Bianchi Francesco 4

What Happened

• Francesco Bianchi, a director of LivaNova PLC (LIVN), had 4,042 restricted stock units (RSUs vest) settled into ordinary shares on June 15, 2026. Of those settled shares, 486 were withheld to satisfy tax withholding (disposed) and 1,200 were sold in an open-market transaction for $80.19 each, generating $96,228. The tax withholding (486 shares) was valued at $79.70 per share ($38,734).
• The filing also shows a grant of 2,383 RSUs (award) on the same date; those RSUs are subject to future vesting (vesting date June 15, 2027, per footnote).

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely).
• Settled RSUs: 4,042 shares acquired via vesting (conversion of derivative/RSU).
• Shares disposed: 486 withheld for tax ($79.70/share; $38,734) and 1,200 sold open market ($80.19/share; $96,228).
• Grant: 2,383 RSUs reported as a new award; vesting date June 15, 2027 (subject to continued service).
• Footnotes: RSUs represent the right to one ordinary share each; shares were withheld to satisfy tax liability.
• Shares owned after transaction: not explicitly reported in the filing; from this vesting event, roughly 4,042 − 486 − 1,200 = 2,356 shares from the vested RSUs would remain outstanding to the reporting person (separate from the 2,383 newly granted RSUs).

Context

• This was an RSU settlement event, not an options exercise for cash: vested RSUs converted to shares, some shares were withheld to cover taxes and some sold—common practices to meet tax obligations or realize partial proceeds.
• The open-market sale and tax withholding are routine following vesting and do not, by themselves, indicate the insider’s broader view on the company.
• No 10b5-1 plan or late filing was indicated in the filing.