Handley Michael K 4

What Happened

• Michael K. Handley, Chief Operating Officer of Tivic Health Systems (TIVC), reported a derivative conversion/exercise on Feb 18, 2026. The filing shows 8,824 shares were acquired via conversion/exercise (derivative, code M) and the same 8,824 shares were immediately disposed at $0.00 (derivative disposition).
• No cash value is shown for the acquisition and the disposal price is reported as $0.00, which typically reflects shares surrendered or withheld rather than an open‑market sale.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-20 (filed within the standard 2‑business‑day window).
• Shares transacted: 8,824 acquired via conversion/exercise; 8,824 disposed at $0.00.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes: F1 states each Restricted Stock Unit (RSU) converts into one share of common stock. F2 describes the vesting schedule (25% vests on the one‑year anniversary of the vesting commencement date, with the remainder vesting in equal quarterly installments so 100% vests by the fourth anniversary).
• No 10b5‑1 plan or late filing indication is noted.

Context

• This is not an open‑market purchase or sale by the insider; it reflects conversion/settlement of RSUs (derivative exercise). The immediate $0.00 disposition most commonly indicates shares were withheld or surrendered (e.g., to satisfy tax withholding or similar obligations) rather than a market sale.