Chien Andy 4

What Happened

• Director Andy Chien executed multiple derivative transactions and received an RSU grant on Feb 27, 2026. The filing shows exercises/conversions totaling 15,482 shares (4,292 + 5,375 + 5,815) and a grant/award of 5,643 restricted stock units (RSUs). All reported prices are $0.00 or N/A; the filing also records dispositions of the same 15,482 derivative shares at $0.00 (derivative).
• These entries reflect exercises/conversions and an RSU award rather than an open-market buy or sale for cash. No cash proceeds or purchase price are reported.

Key Details

• Transaction date: February 27, 2026.
• Transactions:
  • Exercises/conversions (code M): 4,292; 5,375; 5,815 shares (total 15,482) — reported as both acquired and disposed at $0.00 (derivative).
  • Grant/award (code A): 5,643 RSUs @ $0.00 (derivative).
• Shares owned after transaction: not disclosed in the provided filing data.
• Relevant footnotes:
  • F1–F2: RSUs convert one-for-one into common stock and represent contingent rights to receive shares.
  • F3: Some RSUs are time-based and vest May 22, 2027.
  • F4: Some RSUs reflected in the filing had vested.
  • F5: Additional dividend-equivalent shares were issued on May 23, 2025 RSUs and follow the original vesting schedule.
• Filing timeliness: Form filed Feb 27, 2026 (same date as reported transactions); no late filing indicated in the provided data.

Context

• For retail investors: exercises/conversions and RSU grants are often routine compensation or settlement events for insiders and do not necessarily signal a change in insider sentiment. The simultaneous acquisition and disposition entries at $0.00 commonly reflect conversion/settlement mechanics (for example, net share settlement or tax withholding), though the filing does not specify the reason.
• This report documents derivative activity and awards rather than a cash sale or an open-market purchase.