Rich Sanford 4

What Happened

• Rich Sanford, a director of Unusual Machines, received an award of 1,961 restricted shares on 2026-03-13 (grant recorded at $0). He then sold 980 shares in an open‑market transaction on 2026-03-16 at $20.20 per share, generating proceeds of $19,796.
• The award was a grant of restricted common stock under the Issuer’s 2022 Equity Incentive Plan; the shares are fully vested. The sale was an open-market disposition (routine liquidity).

Key Details

• Grant: 1,961 restricted shares on 2026-03-13, $0 per share (award); granted under 2022 Equity Incentive Plan and exempt from Section 16(b) under Rule 16b-3 (approved by Board). (Footnote: shares are fully vested.)
• Sale: 980 shares on 2026-03-16 at $20.20 per share; total proceeds $19,796; transaction type = open market sale.
• Net change from these transactions: +981 shares (1,961 awarded − 980 sold).
• Filing: Form 4 filed 2026-03-17 (reports period including the 3/13 grant). The filing does not state total shares owned following the reported transactions.

Context

• Awards/grants can be administrative/compensation actions and, in this case, were fully vested at grant; such grants are often exempt under Rule 16b-3 when Board‑approved and do not by themselves imply a trading signal.
• The open‑market sale represents routine disposition of shares; purchases (not present here) are typically viewed as stronger indicators of insider bullishness than sales.