Nalepa Joseph 4

What Happened
Joseph Nalepa, Chief Financial Officer of Rekor Systems, had 1,155 shares withheld to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was recorded at $1.01 per share for a total of $1,167. This was not an open-market sale but a routine tax-withholding disposition tied to RSU vesting.

Key Details

• Transaction date: March 15, 2026; withholding price: $1.01 per share; withheld shares: 1,155; total value: $1,167. (Reported on Form 4 filed March 23, 2026.)
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — the 1,155 shares were withheld for taxes in connection with the vesting of 3,333 RSUs on March 15, 2026. F2 — an additional 6,666 RSUs remain outstanding, vesting in equal installments on Sept 2, 2026 and Sept 2, 2027.
• Filing timing: Form 4 was filed on March 23, 2026 for a March 15 transaction. Typical Form 4 rules expect filing within two business days; this filing was submitted eight days later (calendar), which is outside that typical window.

Context
Tax-withholding via share retention is common when RSUs vest: instead of selling shares on the market, the company withholds a portion of the vested shares to cover taxes. This action does not reflect a directional buy/sell decision by the insider and is generally considered routine compensation-related activity rather than a signal of confidence or concern.