Pelosi Peggie 4

What Happened
Peggie Pelosi, a director of USANA Health Sciences (USNA), had restricted stock units (RSUs) convert into 1,632 shares on July 23, 2026. Of those, 935 shares were withheld to cover tax withholding (listed as 935 shares @ $20.92, totaling $19,560). The conversion resulted in a net delivery of 697 shares to Pelosi (1,632 vested − 935 withheld). This was a compensation vesting event rather than an open‑market purchase or sale.

Key Details

• Transaction date: July 23, 2026; Form 4 filed July 27, 2026.
• Items reported:
  • Exercise/conversion of derivative (RSU): 1,632 shares (conversion noted as derivative transaction M).
  • Tax withholding (F): 935 shares withheld at $20.92 per share for $19,560.
• Net shares delivered to insider: 697 shares (1,632 − 935).
• Shares owned after the transaction: not specified in the provided excerpt; see the full Form 4 for holdings.
• Footnotes: F1 confirms each RSU converts to one share; F2 lists the RSU vesting schedule (25% on Jul 23, 2026; then Oct 22, 2026; Jan 21, 2027; Apr 22, 2027).
• Filing timeliness: Form filed four days after the transaction date; check the full filing for any timeliness flag.

Context
This was a routine RSU vesting and tax-withholding event (not an open-market sale). Withheld shares satisfy payroll/tax obligations and do not necessarily indicate buying or selling sentiment. For options/derivative conversions like this, the important takeaway for investors is the net new shares issued to the insider (697) and the compensation/vesting schedule, which may dilute holders over time as additional RSU tranches vest.