Michna Magda 4

What Happened

• Magda Michna, Chief Development Officer of STAAR Surgical (STAA), had restricted stock units (RSUs) vest in mid‑March 2026 and received shares upon vesting. On March 12 and March 14, 2026 a total of 23,773 RSUs vested and converted into common shares (conversion entries recorded at $0). To satisfy tax withholding, 8,529 vested shares were withheld (2,216 shares on 3/12 at $18.39 = $40,752; 6,313 shares on 3/14 at $18.84 = $118,937), leaving a net ~15,244 shares delivered to her. In addition, Ms. Michna received a new annual RSU grant of 33,838 shares on March 13, 2026 (vesting over three years).

Key Details

• Transaction dates and amounts:
  • 2026-03-12: 6,178 RSUs vested/converted; 2,216 shares withheld for taxes at $18.39 ($40,752).
  • 2026-03-13: new RSU grant of 33,838 shares (annual award; vests 1/3 each year starting 3/13/2027).
  • 2026-03-14: 14,663 + 2,932 RSUs vested/converted (total 17,595); 6,313 shares withheld for taxes at $18.84 ($118,937).
• Total vested/converted: 23,773 RSUs → 23,773 shares; total withheld for taxes: 8,529 shares (~$159,689).
• Each RSU converts to one share upon vesting (footnote). The conversion entries are coded M (exercise/conversion of derivative) and the withholdings are coded F (payment of tax liability via share withholding).
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Filing: Report filed 2026-03-16 covering transactions through mid‑March 2026 — appears to be timely.

Context

• These were compensation-related RSU vestings and an annual RSU grant, not open‑market buys or discretionary sales. The company withheld shares to cover tax obligations (a routine, cashless withholding), which is common and does not necessarily signal insider sentiment about the stock.
• For retail investors, vesting-related share receipts are routine executive compensation events; purchases (actual cash buys) tend to be more indicative of insider confidence than routine vesting and withholding.