CHEN MICAH 4

What Happened Micah Chen, Executive Vice President & General Counsel of Willdan Group, had 3,960 performance-based restricted stock units (RSUs) vest effective March 11, 2026 (award/acquisition). To satisfy tax withholding on the vesting, 1,738 shares were withheld/disposed at an implied price of $83.98 per share, totaling $145,957. The RSUs were originally granted on March 7, 2023 and the performance conditions were certified by the Compensation Committee on March 11, 2026.

Key Details

• Transaction date: March 11, 2026 (Form filed March 12, 2026; filing appears timely).
• Award/acquisition: 3,960 shares vested (code A), acquisition price $0.00 (typical for RSU vesting).
• Tax withholding/disposition: 1,738 shares withheld (code F) at $83.98/share = $145,957 to cover tax obligations.
• Remaining unvested RSUs noted in filing: 4,500 RSUs (vest in 3 equal installments starting Mar 3, 2027), 4,620 RSUs (vest in 3 equal installments starting Mar 17, 2026), and 2,800 RSUs (vest in 2 installments starting Mar 20, 2026) — total 11,920 unvested RSUs per footnote.
• Footnotes: (1) performance RSUs from Mar 7, 2023 vested as of Mar 11, 2026; (3) shares withheld to satisfy tax withholding. The filing does not state total shares owned after the transaction.

Context This was a vesting of performance-based RSUs, not an open-market buy or voluntary sale. Withholding shares to cover taxes is a routine administrative step (a cashless withholding disposition) and does not necessarily indicate a change in insider sentiment. For retail investors, vesting confirms previously granted compensation converted into company shares; the net increase in Chen’s free-floating shares is the vested amount minus the withheld shares (3,960 − 1,738 = 2,222 net shares added).