Dickerson Michael Patrick 4

What Happened Michael Patrick Dickerson, Interim Chief Financial Officer of Twin Vee PowerCats Co. (VEEE), received an award of 3,970 restricted stock units (RSUs) on July 11, 2026. The RSUs were granted at $0.00 per unit (total reported value $0) and, per the filing, all 3,970 RSUs vested on the grant date.

Key Details

• Transaction type: Award/Grant (Code A) of 3,970 RSUs on 2026-07-11 at $0.00 per unit (total $0).
• Filing: Form 4 filed July 14, 2026 reporting the July 11, 2026 transaction (period of report 7/11/2026).
• Vesting: All 3,970 RSUs vested on the grant date (footnote F2).
• RSU definition: Each RSU represents a contingent right to receive one share of common stock (footnote F1).
• Holdings note: Filing indicates holdings "include 218 shares" of Twin Vee PowerCats (footnote F3).
• No indication in the filing of a sale, tax withholding, or a 10b5-1 plan.

Context RSUs are a form of equity compensation that normally convert into actual shares (or cash) under specified conditions. Because these RSUs vested immediately, Dickerson effectively became entitled to 3,970 shares subject to any company procedures for issuance or withholding; the Form 4 shows the grant value as $0. This is an award rather than an open-market purchase or sale and should be interpreted as compensation-related, not a direct market sentiment signal.