ELLIS ADAM CHRISTOPHER 4

What Happened

• Adam Christopher Ellis, President International of Zumiez (ZUMZ), had 4,033 restricted stock units (RSUs convert one-for-one to common stock) convert into 4,033 shares on 2026-03-13. The company withheld 1,229 of those shares to satisfy tax withholding at $21.43 per share, a payment of $26,337, leaving a net of 2,804 shares delivered to Ellis. The RSU grant is noted to vest over a three-year schedule.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-16 (timely filing; no late filing indicated).
• Conversion: 4,033 RSUs -> 4,033 common shares (derivative conversion).
• Tax withholding: 1,229 shares withheld at $21.43/share = $26,337 (code F: payment of tax liability via share withholding).
• Net shares received: 4,033 − 1,229 = 2,804 shares.
• Footnotes: F1 (RSUs convert one-for-one), F2 (shares withheld to pay taxes), F3 (grant vests over 3 years).
• Shares owned after the transaction: not specified in the filing.

Context

• This was an award/conversion of RSUs, not an open-market purchase or sale by Ellis. The withholding of shares to cover taxes is a routine administrative step (a non-cash tax payment) and should not be read as a market sale signal. The filing reports exercise/conversion of a derivative (RSU conversion) and the associated tax-withholding disposition.