Cisneros Adriana 4

What Happened

• Adriana Cisneros, a director of Mattel, had 8,594 restricted stock units (RSUs) settle on May 15, 2026, resulting in the issuance of 8,594 shares of Mattel common stock. The Form 4 shows an acquisition entry for 8,594 shares (derivative conversion) and a simultaneous disposition entry of 8,594 shares at $0.00. No cash value is reported in the filing.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within the required reporting window).
• Acquisition: 8,594 shares via exercise/conversion of derivative (RSU settlement); price listed as N/A.
• Disposition: 8,594 shares reported disposed at $0.00 (the filing does not explain the reason for the $0 disposition).
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: These were RSUs granted May 15, 2023 that fully vested on the grant date and were settled on the third anniversary (May 15, 2026), resulting in issuance of the 8,594 shares.

Context

• This was an RSU settlement (derivative conversion), not an open-market purchase or sale expressing a market view. The filing records both the issuance and a $0 disposition of the same shares; the document’s footnote explains the RSU settlement but does not specify whether any shares were withheld for taxes or otherwise transferred.