Somalya Saema 4

What Happened
Somalya Saema (CLCAO) had RSUs vest on Feb 25, 2026, resulting in the conversion of 21,722 restricted stock units into common shares. To satisfy tax withholding, 5,845 of those shares were surrendered at $16.19 per share for a cash value of $94,631. The RSU conversion shows an effective exercise/conversion at $0.00 for the derivative portion; the net increase in Saema’s common stock holdings from this event was 15,877 shares (21,722 vested minus 5,845 withheld). This was not an open-market sale — it was routine vesting and tax withholding.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27.
• Vesting/Conversion: 21,722 RSUs converted to common stock (derivative code M).
• Tax Withholding: 5,845 shares withheld at $16.19 each, totaling $94,631 (code F).
• Net new shares retained: 15,877.
• Holdings after transaction (as reported): 83,727 shares of common stock and 241,200 unvested RSUs included in Table I, Column 5.
• Footnotes: F1–F4 indicate these were RSUs that vested (each RSU converts 1-for-1 to common stock) under a schedule that vested 1/4 on May 25, 2025 and 1/4 quarterly thereafter; withholding was for tax liability.
• Filing timeliness: Filed within standard Form 4 timing window (no late filing indicated).

Context
This was a routine RSU vesting event (award settlement), not an open-market purchase or sale. The derivative/option codes reflect conversion of RSUs to shares, with shares withheld to cover taxes — a common practice that does not, by itself, signal a buy or sell decision. For investors tracking insider activity, purchases typically carry more directional weight; this filing primarily documents compensation settlement and tax withholding.