Saintil Merline 4

What Happened
Director Saintil Merline converted 10,345 restricted stock units (RSUs) into Class A common shares on March 5, 2026 and those shares were immediately disposed (reported at $0.00). On the same date Merline was also granted 4,738 new RSUs (reported as an award at $0.00). The conversion/ disposal entries use code M (exercise/conversion) and the grant uses code A (award).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed within required two business days).
• Converted RSUs: 10,345 units converted to 10,345 shares (disposition reported at $0.00).
• New grant: 4,738 RSUs awarded at $0.00 (derivative).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1–F2 — RSUs convert one-for-one into Class A common stock and represent a contingent right to receive one share each. F3 — the 4,738 RSUs vest in full upon the earliest of (1) March 5, 2027, (2) the issuer’s 2027 annual meeting, or (3) a change of control, subject to continued service. F4 — the 10,345 RSUs converted were granted on March 6, 2025 and vested on the earliest of March 6, 2026 (or related events) per that grant’s terms.
• Reporting codes: A = award/grant, M = exercise/conversion.

Context

• Reporting shows conversion of RSUs into shares and an immediate disposition at $0.00; filings often report $0.00 when shares are surrendered or withheld to satisfy tax withholding or other obligations (this filing does not state the specific withholding mechanism).
• This activity is derivative-related (RSU conversion and a new RSU grant), not an open-market purchase or sale disclosure of cash proceeds.
• No speculation on motivations — awards are part of compensation/vesting schedules; conversions reflect vested awards being settled.