Carere Brie 4

What Happened

• Director Carere Brie reported conversions/exercises of 32,997 derivative units and a separate grant/award of 35,971 restricted stock units (RSUs). All reported transactions show a $0.00 exercise/award price, so no cash was paid in these reported events. The exercise/conversion is recorded as code M (derivative exercise/conversion) and the grant is recorded as code A (award/acquisition).

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (filed within the typical 2‑business‑day window).
• Exercise/conversion: 32,997 shares @ $0.00 (acquired) and a corresponding record of 32,997 shares @ $0.00 (disposed) for the derivative instrument.
• Grant/award: 35,971 RSUs @ $0.00 (acquired).
• Shares owned after transaction: Not specified in the reported items.
• Footnotes:
  • F1: Each RSU equals a contingent right to one share upon settlement.
  • F2/F4: Vesting schedules referenced — some RSUs vest as early as June 10, 2026 (or at the 2026 annual meeting) and others as early as June 9, 2027 (or at the 2027 annual meeting), subject to continued service.
  • F3: RSUs do not expire; they vest or are canceled before the vesting date.
• Filing remark: Exhibit 24 — Power of Attorney attached.

Context

• Code M indicates an exercise or conversion of a derivative; a $0.00 exercise price often reflects conversion of previously granted derivative awards (for example, RSUs or other non‑cash settlements) rather than a cash option exercise. The separate A entry reflects a new grant of RSUs.
• These entries are transactions in equity compensation instruments and are not open‑market buys or sales of common stock. Such awards and conversions are common for directors as compensation and do not by themselves indicate a personal buy/sell sentiment.