Moore Michael 4

What Happened

• Michael Moore, President of Viemed Healthcare (VMD), reported the vesting/conversion of equity awards on Jan 21, 2026. The filing shows conversions/exercises of derivative awards that resulted in the acquisition of shares and simultaneous dispositions back to the issuer to cover taxes and cash settlement.
• Specifics: 34,214 and 8,554 derivative units were converted/ exercised (reported as acquisitions). Simultaneously, 9,358 shares were withheld to satisfy tax obligations at $7.49/share (proceeds of $70,091) and 8,554 shares were disposed to the issuer at $7.49/share (proceeds of $64,069). The two cash-related disposals sum to about $134,160. Some derivative items are reported with $0 proceeds reflecting cash-settlement mechanics.

Key Details

• Transaction date: January 21, 2026; Form 4 filed January 23, 2026.
• Prices used: $7.49 per share (closing market price on Jan 21, 2026, per filing footnote).
• Reported dispositions: 9,358 shares withheld for taxes (F2) = $70,091; 8,554 shares sold/disposed to issuer for cash settlement (F4) = $64,069.
• Reported acquisitions: conversions/exercises of derivative awards for 34,214 and 8,554 units (codes M — exercise/conversion).
• Footnotes of note:
  • F1/F5: RSUs represent rights to receive one common share; certain RSUs granted Jan 21, 2025 vest in three equal annual installments.
  • F4/F6: Phantom share units (cash-settled) were involved; phantom shares are economically equivalent to common shares and were settled for cash, producing simultaneous acquisition and disposition reporting.
  • F2: Shares were withheld to satisfy tax withholding.
• Shares owned after the transactions are not provided in the excerpt supplied.
• Filing appears to be timely (Form 4 filed two days after the reported date).

Context

• This was largely a vesting/conversion event (awards vesting + phantom-share cash settlement) rather than an open-market purchase or voluntary sale. The filing shows a common pattern: equity awards vest, shares are issued, and a portion is immediately withheld or sold to cover taxes or produce cash proceeds.
• For retail investors: such transactions are routine compensation-related events and do not by themselves indicate the insider is increasing or materially decreasing a long-term stake (unless additional open-market buys/sells are made).