Ayers J. Jonathan 4

What Happened

• J. Jonathan Ayers (reported as a 10% owner) was granted 1,329 Restricted Stock Units (RSUs) on 2026-05-22. The Form 4 reports an acquisition type "A" (award/grant) at a reported price of $0.00 (total reported $0). Per the filing, the RSUs were granted under the issuer’s Non-Employee Director Compensation Policy and vest on April 30, 2027. This was an award of long-term compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-27 (filed 5 days after the transaction).
• Reported transaction: 1,329 RSUs granted at $0.00 (total $0 reported).
• Vesting: RSUs vest on April 30, 2027 (Footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Beneficial-ownership note: the reporting person may be deemed to beneficially own securities in his capacity as co‑executor of the Estate of James W. Ayers; he disclaims beneficial ownership of securities held directly by the Estate (Footnote F2).
• Timeliness: The filing date (May 27) is later than the common 2‑business‑day Form 4 window following the May 22 transaction, indicating a late filing.

Context

• RSUs are a grant of future stock subject to vesting; they do not represent immediately tradable shares until they vest and are settled. Such awards are common for director compensation and do not by themselves indicate a buy/sell signal. Because the filer is a 10% owner and the grant was made under a Non‑Employee Director policy, this looks like routine director compensation rather than an opportunistic market trade. The late filing is a compliance detail investors may note but does not change the economic nature of the award.