Wensveen Maarten 4

What Happened

• Maarten Wensveen, EVP & Chief Technology Officer of Cimpress plc, had restricted share units (RSUs) and performance share units (PSUs) convert into 6,860 ordinary shares on 2026-02-15 (three conversion entries: 1,860; 3,697; 1,303).
• To satisfy tax withholding, 2,063 of those shares were withheld/disposed at $74.27 per share for a total of $153,219. Net new shares issued to him after withholding: 4,797.
• The acquisitions are award vesting events (not open-market purchases); the reported $0.00 acquisition price reflects issuance on vesting rather than a cash purchase.

Key Details

• Transaction date: 2026-02-15. Form 4 filed: 2026-02-17 (timely).
• Acquired by conversion/vesting: 6,860 shares (1,860; 3,697; 1,303).
• Withheld/disposed for tax payment: 2,063 shares at $74.27 = $153,219.
• Net shares retained: 6,860 − 2,063 = 4,797.
• Footnotes: F1–F4 indicate the awards were RSUs and PSUs (each unit represents one ordinary share); PSUs are subject to performance-based determination; both RSUs and PSUs vest over a four-year schedule (25% at the initial vest date, then quarterly vesting of 6.25% thereafter).
• Transaction codes: M = exercise/conversion of a derivative (here, conversion of RSUs/PSUs); F = payment of exercise price or tax liability (share withholding).
• Filing timeliness: Not late (filed within 2 business days of the transaction).

Context

• These were vesting/settlement events (awards converting into shares). The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal a directional view on the stock—the insider received shares via award and had a portion withheld to pay tax obligations.
• For retail investors, award vesting increases insider-held shares but withheld shares reduce the immediate net share increase; this filing shows a net increase of 4,797 shares for the CTO.