Chen Min-Chu (Mike) 4

What Happened

• Director Min‑Chu (Mike) Chen received a grant of 1,166 restricted stock units (RSUs) on 2026-06-09. The award is reported at $0 per share (an equity award rather than a cash purchase or sale) and was made under the company's 2026 Equity Incentive Plan. This is an award/grant (code A) — not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-06-09; grant reported at $0.00 per share.
• Vesting: The RSUs vest 1/12th each month beginning July 5, 2026, until fully vested (see footnote).
• Shares owned after transaction: Not specified in the filing.
• Beneficial‑ownership note: The filing states these shares are held directly by Yuh‑Mei Chung (Mr. Chen’s spouse); Mr. Chen disclaims beneficial ownership of securities held by his spouse except for any indirect pecuniary interest.
• Filing timeliness: Reported on 2026-06-11 for a 2026-06-09 transaction; appears filed within the normal Form 4 timing window.

Context

• RSU grants are a form of compensation and are subject to vesting; they do not represent an immediate cash purchase or sale and therefore do not by themselves signal insider confidence or a change in holdings until vested and/or sold.
• For retail investors: track future vesting dates if you want to monitor potential future insider selling or increases in directly held shares.