Cooper Kenneth Lyle 4

What Happened

• Cooper Kenneth Lyle (director) received a grant of 9,868 restricted stock units (RSUs) on April 27, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 per share; the grant had a grant-date fair value of $150,000.
• This is an equity award (not an open-market purchase or sale). The RSUs convert to one share of common stock each upon vesting and do not expire.

Key Details

• Transaction date and filing: Grant dated April 27, 2026; Form 4 filed April 30, 2026.
• Security and quantity: 9,868 RSUs (derivative award) reported at $0.00 per share.
• Grant value: Grant-date fair value reported as $150,000 (per footnote; number of RSUs was determined by dividing $150,000 by the fair market value on the grant date).
• Vesting: 36 equal monthly installments beginning April 27, 2026, contingent on continued Board service.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed within days (reported period 4/27/2026; Form 4 filed 4/30/2026) — no late filing flag noted.

Context

• RSUs are a contingent award that become actual shares only as they vest; they are not an immediate cash purchase or sale. Such grants are routine compensation for non-employee directors and do not by themselves indicate a buy or sell signal.
• Each RSU entitles the holder to one share upon vesting; there is no expiration date on the RSUs per the footnote.