Bhasin Rachna 4

What Happened

• Director Rachna Bhasin executed derivative transactions on June 10, 2026. She exercised/converted 9,700 derivative shares at $13.70 each, paying $132,890 in the transaction. The filing also reports a disposition of 9,700 derivative shares at $0 (reported as a derivative disposition) and a separate grant/award of 11,239 restricted stock units (RSUs) granted the same day (no cash paid).

Key Details

• Transaction date(s): June 10, 2026.
• Exercise/Conversion: 9,700 shares acquired at $13.70 per share; total consideration $132,890.
• Disposition (derivative): 9,700 shares reported disposed at $0 (amount reported $0).
• Grant/Award: 11,239 RSUs granted at $0 (derivative award).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — RSUs equal one contingent right to one common share. F2 — an RSU award granted June 10, 2025 vested in full by June 10, 2026 (subject to continued service). F3 — the 11,239 RSU award granted June 10, 2026 vests by June 10, 2027 (subject to continued service).
• Filing timeliness: Form filed June 12, 2026 for a June 10 transaction — appears timely (Form 4 is typically due within two business days).

Context

• The filing shows an exercise/conversion of derivatives and an equal number of shares reported disposed at $0 — filings like this often reflect vesting conversions and share withholding to satisfy tax or other obligations, but the form itself does not state the reason. The new 11,239 RSUs are a forward-looking award that vests in the future (subject to continued service) and do not represent immediately tradable shares.