Williams Gregg 4

What Happened

• Gregg Williams, a reported 10% owner of Vivani Medical (VANI), acquired a total of 1,866,492 shares in private purchase transactions on February 15, 2026. The purchases were: 1,601,941 shares at $1.03 each (gross $1,649,999.23) and 264,551 shares at $1.26 each (gross $333,334.26), for combined gross proceeds of $1,983,333.49. These are purchases (a bullish signal in that cash was deployed to buy shares).

Key Details

• Transaction dates/prices: Feb 15, 2026 — 1,601,941 shares @ $1.03 and 264,551 shares @ $1.26 (both reported as private sale transactions per footnotes).
• Total shares acquired: 1,866,492; total gross consideration: $1,983,333.49.
• Shares owned after transaction: reporting person beneficially owns 34,581,152 shares (directly and/or indirectly via trusts/entities over which Gregg Williams has voting/dispositive power).
• Notable footnotes: The purchases were made in private sale transactions disclosed in Share Purchase Agreements (dated May 12, 2025 and Aug 11, 2025) that used the issuer’s last reported Nasdaq sale prices on the referenced prior dates. The reporting person offers to provide full transaction details to the issuer, shareholders, or SEC staff upon request.
• Filing timeliness: Form 4 was filed Feb 17, 2026 for a Feb 15 transaction — within the standard two-business-day reporting window (timely).

Context

• These were direct purchases (code P) in private placements rather than open-market trades; that means the prices were set by the agreements and tied to specific prior Nasdaq prices. As a 10% owner with control over multiple trust/entity holdings, Gregg Williams’ purchases affect his overall beneficial ownership but should be read as ownership consolidation rather than routine executive open-market trading.