Rich Sanford 4

What Happened
Director Rich Sanford received a grant of 2,784 restricted common shares on 2026-05-20 (acquired at $0). The next day (2026-05-21) he sold 1,392 of those shares in open-market trades for a weighted average price of $14.18, producing gross proceeds of approximately $19,736.

Key Details

• Grant: 2,784 restricted shares on 2026-05-20; acquisition price reported as $0. (Footnote F1: grant was board-approved under the 2022 Equity Incentive Plan and is exempt from Section 16(b) by Rule 16b-3; shares are fully vested.)
• Sale: 1,392 shares sold on 2026-05-21 in open-market transactions at a weighted average price of $14.18; total proceeds ≈ $19,736. (Footnote F2: sales occurred at prices ranging $13.82–$14.81; reporting person will provide a price-by-price breakdown on request.)
• Shares owned after the transactions: not provided in the data you supplied.
• Filing: Report filed 2026-05-22; transaction dates 2026-05-20 and 2026-05-21 — no late filing flag indicated.

Context
The award was a board-approved grant of restricted stock that is fully vested (per F1). The subsequent sale was an open-market disposal of part of that grant; such sales are routine liquidity actions and do not, by themselves, indicate management sentiment.