Mallela Ravi 4

What Happened

• Director Ravi Mallela received a grant of 1,907 restricted stock units (RSUs) on 2026-05-29 (awarded at $0.00). The filing also shows 1,393 RSUs from a prior award that vested and were converted/exercised on 2026-05-30; the conversion/disposition entries report $0 proceeds.
• These transactions are derivative-related (RSUs). The filing does not report cash received from the 1,393-share conversion or show a cash sale price.

Key Details

• Transaction dates: RSU award 2026-05-29; conversion/vesting reported 2026-05-30.
• Prices/values: Award recorded at $0.00; conversion/disposition entries report $0.00 proceeds (no sale proceeds disclosed).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents the right to one common share upon vesting.
  • F2: The 1,907 RSUs vest on the first anniversary of the 2026-05-29 award (subject to continued service or award terms).
  • F3: The 1,393 RSUs converted on 2026-05-30 were the full amount of an award dated 2025-05-30 that vested on its first anniversary.
• Filing date: Form 4 filed 2026-06-02 (transaction dates 2026-05-29 / 05-30). The filing excerpt does not indicate late filing or a 10b5-1 plan.

Context

• These are RSU-related derivative events: RSUs convert into common shares when they vest. The form shows conversion and an immediate disposition entry with $0 proceeds; the filing does not specify whether shares were withheld for taxes, sold, or otherwise transferred.
• Awards and vesting events are typically compensation-related and not necessarily a market sentiment signal.