Isaias Zanatta Roberto Jacobo 4

What Happened

Isaias Zanatta, EVP & Chief Supply Chain Officer of Mattel, had the second tranche of RSUs vest on April 24, 2026. 13,400 Restricted Stock Units converted into 13,400 shares of Mattel common stock (approx. gross value $194,836 using the $14.54 share price used for withholding). To cover required tax withholding, 6,818 shares were automatically withheld (reported as disposed) for $99,134, leaving 6,582 net shares issued to Mr. Zanatta.

Key Details

• Transaction date: April 24, 2026 (reported on Form 4 filed April 28, 2026).
• Shares vested/converted: 13,400 RSUs -> 13,400 shares.
• Tax withholding: 6,818 shares withheld at $14.54/share = $99,134.
• Net shares delivered to insider: 6,582 shares (13,400 − 6,818).
• Footnotes: The RSUs were from an April 25, 2024 grant of 40,606 RSUs that vest 33%/33%/34% over three anniversaries; the April 24, 2026 event was the second 33% vesting. Withholding was automatic per grant terms.
• Filing timing: Form 4 was filed Apr 28 for an Apr 24 transaction (filed four days after the vesting date); Form 4s are typically due within two business days.

Context

• This was an RSU vesting event (award conversion), not an open-market purchase or a voluntary sale. The withholding is a routine "sell-to-cover" for taxes and does not necessarily signal a view on the stock.
• For retail investors, vesting/withholding events are routine compensation mechanics; purchases or open-market insider buys are generally more indicative of insider conviction.