Kumar Rajiv 4

What Happened

• Kumar Rajiv, Chief Accounting Officer of Priority Technology Holdings, reported an exercise/conversion of a derivative (code M) that resulted in the acquisition of 4,296 shares on February 18, 2026. The same day he reported a disposition of 4,296 shares at $0.00 (derivative).
• The filing shows no cash paid/received for the acquired shares (price N/A) and $0 proceeds reported for the disposed shares, so no cash value is shown for these specific line items.

Key Details

• Transaction date: 2026-02-18 (Filed on 2026-02-20).
• Items reported:
  • Acquisition: 4,296 shares — Exercise/conversion of derivative (M) — price: N/A.
  • Disposition: 4,296 shares — Exercise/conversion of derivative (M) — price: $0.00 (reported as derivative).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Each restricted stock unit (RSU) represents a contingent right to receive one common share.
  • F2: On Feb 5, 2026 the reporting person was granted 12,887 RSUs that vest 4,296 on Feb 5, 2027; 4,296 on Feb 5, 2028; and 4,295 on Feb 5, 2029, subject to continued employment.
• Filing timeliness: Filed two days after the transaction date (appears timely under standard Form 4 rules).

Context

• Transaction code M indicates an exercise or conversion of a derivative. The paired acquisition and same-day disposition at $0 often reflects administrative mechanics such as share netting or tax withholding when derivatives/RSUs are converted, rather than an open-market sale. In this filing no cash proceeds are reported for the disposed shares.
• The footnotes indicate these are RSU-related rights that vest in future years; the report ties the derivative activity to that RSU grant. This is informational and not necessarily an indication of the officer buying or selling stock in the open market.