GenFlat (GFLT) President Hall Garrett Ryan Receives 330,000 Shares

What Happened
Hall Garrett Ryan, President of GenFlat Holdings, had 330,000 restricted stock units (RSUs) convert into common shares on July 20, 2026 (reported as a derivative exercise/conversion). The filing shows the shares were issued at $0.00 (no cash paid). The report also notes that a separate grant of 330,000 RSUs that had been scheduled to vest earlier was mutually rescinded on May 12, 2026.

Key Details

• Transactions reported:
  • 2026-05-12 — Disposition to issuer of 330,000 RSUs (D), $0.00 (per footnote F2, these RSUs were rescinded/cancelled).
  • 2026-07-20 — Exercise/conversion of derivative (M) — 330,000 shares acquired, $0.00 (RSUs vested and converted) (footnote F3).
  • 2026-07-20 — A same-day exercise/conversion entry is also reported as a disposition (M), 330,000 shares, $0.00 (filing shows both acquisition and disposition entries on 7/20).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: Each RSU represents the contingent right to one share upon vesting.
  • F2: A Feb 4, 2026 RSU grant of 330,000 RSUs scheduled to vest Feb 28 was mutually rescinded on May 12, 2026.
  • F3: A grant of RSUs that vested on July 20, 2026 (the date of grant) is reflected in the July 20 entries.
• Filing timeliness: Report filed July 22, 2026 for transactions dated July 20, 2026 — not marked as late.

Context
RSUs are awards that convert into shares upon vesting; the derivative code M reflects exercise/conversion of such vested awards. The reported $0.00 price indicates these were shares issued on vesting (not an open-market purchase). The filing records both an acquisition and a disposition on July 20 — the form does not provide a reason (e.g., tax withholding or surrender), so no conclusion should be drawn about intent. The May 12 entry documents a prior RSU cancellation rather than an open-market sale.