Sun Yi 4

What Happened

• Sun Yi, Chief Technology Officer of Priority Technology Holdings (PRTH), had 17,949 restricted stock units (RSUs) vest and convert into common shares on February 18, 2026. The Form 4 reports an exercise/conversion of a derivative security (code M) for 17,949 shares at $0.00, indicating no cash payment was made on conversion. This was a vesting/award event rather than an open-market purchase or sale.

Key Details

• Transaction date: February 18, 2026; Filed: February 20, 2026 (timely).
• Reported transaction type/code: M (exercise/conversion of derivative).
• Shares involved: 17,949 RSUs converted to common shares at $0.00 per share.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 explains each RSU equals a contingent right to one share; F2 says these RSUs were part of a 53,846 RSU grant on Nov 21, 2025 that vests 17,949 on 2/18/2026, 17,949 on 2/18/2027, and 17,948 on 2/18/2028.
• No sale, tax withholding, or cashless-sale of the newly issued shares is reported in this filing.

Context

• This was a standard vesting/conversion of RSUs into common stock (derivative converted to shares). Such events are routine compensation vesting for executives and do not, by themselves, indicate a buy or sell signal. The filing shows conversion at $0 because RSUs vest into shares without a purchase price; future filings would show any subsequent open-market sales if the insider sells the shares.