Ram Ranjana 4

What Happened
Ram Ranjana, Chief Operating Officer of Priority Technology Holdings, had 23,077 restricted stock units (RSUs) vest and convert into 23,077 shares of common stock on February 18, 2026. The Form 4 reports an acquisition of 23,077 shares at $0.00 and a simultaneous disposition of 23,077 derivative units (code M — exercise/conversion), resulting in no cash transaction or sale proceeds.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (appears timely).
• Reported price: $0.00 per share; total reported value $0.
• Shares acquired: 23,077 common shares via conversion of RSUs.
• Shares disposed (derivative): 23,077 RSUs converted (reported as disposal of the derivative instrument).
• Shares owned following the transaction: Not specified in the provided filing.
• Footnotes:
  • F1 — Each restricted stock unit represents the contingent right to receive one share.
  • F2 — On Nov 21, 2025 the reporting person was granted 69,231 RSUs vesting in three equal tranches of 23,077 on Feb 18, 2026, Feb 18, 2027, and Feb 18, 2028, subject to continued employment.

Context
This was a vesting/conversion of RSUs, not an open-market purchase or sale. Code M indicates conversion/exercise of a derivative (here, RSUs) into common shares. Because no shares were sold and no cash changed hands, the transaction does not by itself signal a buy or sell decision in the market — it reflects the scheduled vesting of a prior equity grant.