Marinof Alexis 4

What Happened

• Alexis Marinof, WisdomTree's CEO for Europe, had performance-based restricted stock units (PRSUs) vest and convert into 45,713 shares. The filing shows 21,486 shares were withheld by the issuer to cover taxes, resulting in a net delivery of 24,227 shares to Marinof. All conversion entries show a $0.00 exercise price because these were equity awards (not option purchases).

Key Details

• Transaction date(s): reported as January 27, 2026 (vesting conversion recorded Jan 27, 2026; vesting date per footnote was January 25, 2026). Filing date: January 29, 2026 (timely).
• Transaction codes: M = exercise/conversion of a derivative (conversion of PRSUs to shares); F = shares withheld to satisfy tax withholding.
• Shares involved: 45,713 shares issued on conversion; 21,486 shares withheld for taxes; net issued to insider = 24,227 shares.
• Price shown: $0.00 per share (typical for RSU/PRSU conversions; no cash exercise price).
• Footnotes/other items:
  • F1–F2: Each PRSU converts to one share on vesting; 1,908 PRSUs reflect reinvested dividend equivalents.
  • F4: The 21,486-share disposition was withholding by the issuer to cover taxes.
  • F5: These PRSUs were granted 1/25/2023 and vested 1/25/2026. Vesting was performance-based (Relative TSR vs. peers); the awards vested at 199% of target (84.62nd percentile).
  • F3: Separate restricted stock awards remain scheduled to vest in 2027–2029 (not part of this transaction).
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.

Context

• This was not an open-market buy or sell — it was the conversion/settlement of vested performance RSUs. The withholding of shares to pay taxes is a routine administrative step and does not necessarily signal a decision to sell shares in the market.
• The large payout relative to the original target reflects strong relative TSR performance (199% vesting), which is a governance/compensation outcome rather than a direct insider trading signal.