CHEN MICAH 4

What Happened

• Micah Chen, Executive Vice President & General Counsel of Willdan Group, had 4,158 performance-based restricted stock units (RSUs) vest on March 16, 2026 (grant originally made March 17, 2025). The RSUs vested at no cash purchase price (acquired @ $0.00).
• To satisfy tax withholding obligations, 1,826 of the vested shares were withheld at a withholding price of $78.61 per share (disposition code F), totaling about $143,542. After withholding, Chen received a net 2,332 shares (4,158 − 1,826), with an implied net value of roughly $183,318 based on the $78.61 per-share amount used for withholding.

Key Details

• Transaction dates: Vesting and acquisition reported for 2026-03-16; Form 4 filed 2026-03-17 (appears timely).
• Prices reported: Vesting/acquisition price $0.00 (award); tax withholding price $78.61/share.
• Shares involved: 4,158 RSUs vested; 1,826 shares withheld for taxes; net delivered = 2,332 shares.
• Footnotes: (F1) RSUs were performance-based awards granted 3/17/2025 and determined to have satisfied performance on 3/16/2026; (F2) reporting person still holds additional unvested RSU grants (4,500; 4,620; 2,800 shares) with future vesting schedules; (F3) the 1,826 shares were withheld to satisfy tax withholding.
• Filing timeliness: Filing date is the day after the vesting date and appears timely under Form 4 rules (not marked late).

Context

• This was a vesting of previously granted performance RSUs (award), not an open-market purchase or discretionary sale. The “disposition” here is a standard share withholding to cover taxes, not a public sale of shares intended as a liquidity event.
• For retail investors: awards vesting and routine tax-withholdings are common insider paperwork and do not, by themselves, indicate buying or selling for market-view purposes.