Desai Jayshree S 4

What Happened
CFO Jayshree S. Desai had 1,345 shares withheld to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was recorded as a disposition at $566.00 per share, totaling $761,270. This was a tax-withholding/cashless settlement of vested equity, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (filed within the typical 2-business-day window).
• Reported transaction: F (tax withholding / payment of tax liability) — 1,345 shares withheld at $566.00 each; total value $761,270.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — "These shares were withheld to cover taxes associated with the vest of restricted stock units issued under an equity incentive plan of the Company."
• This was not an open-market sale; it reflects tax withholding at vesting (routine compensation-related transaction).

Context
Tax-withholding disposals are common when RSUs vest and do not necessarily signal the insider's view on the company's stock. For investors, purchases are typically more informative than routine withholdings; this filing documents compensation-related share withholding rather than a discretionary sale.