Albanese Matthew John 4

What Happened
Matthew John Albanese, Chief Commercial Officer of GenFlat Holdings, received 330,000 shares on July 20, 2026 through the vesting/conversion of restricted stock units (RSUs). The filing reports the derivative exercise/conversion (transaction code M) for 330,000 shares at a $0.00 exercise price, so no cash was paid. The Form 4 shows the derivative instrument was both acquired (conversion into shares) and disposed (the RSU/derivative terminated on conversion).

Key Details

• Transaction date: July 20, 2026 (reported on Form 4 filed July 22, 2026)
• Instrument/Code: RSU conversion; reported as Exercise/Conversion of derivative (M)
• Shares involved: 330,000 shares acquired via conversion; exercise price $0.00 (total cash outlay $0)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — RSUs were granted under the 2020 Equity Incentive Plan and vested on July 20, 2026 (date of grant/vesting)
• Timeliness: Filing was submitted two days after the transaction date (no late-filing flag indicated)

Context
This was a vesting/conversion of equity awards (RSUs), not an open‑market purchase or sale. The report does not show any immediate sale of the newly issued shares (no cashless exercise or disposition of common stock was reported here). Vesting events are routine for employee compensation and do not by themselves indicate insider buying or selling intent.