SelectQuote (SLQT) CAO Stephanie Fisher Exercises Awards

What Happened
Stephanie D. Fisher, Chief Accounting Officer of SelectQuote (SLQT), had multiple derivative awards convert into 57,183 shares on August 1, 2026. To satisfy tax withholding obligations, 24,219 of those shares were surrendered at $0.75 per share for a withholding value of $18,092 (reported as a disposition). After withholding, 32,964 shares remained issued to her. In addition, the filing shows two grants of 101,914 price‑vested units (PVUs) each (total 203,828 PVUs) that are performance‑based awards and do not represent currently vested shares.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026.
• Exercise/conversion: 57,183 shares acquired via derivative conversion (reported at $0.00 exercise price, i.e., RSU/PVU settlements).
• Tax withholding: 24,219 shares surrendered to the company at $0.75 per share for $18,092 (code F).
• Net issued to insider after withholding: 32,964 shares (57,183 − 24,219).
• Grants: Two awards of 101,914 PVUs each (total 203,828 PVUs) granted (code A); PVUs vest only upon meeting price and service conditions.
• Footnotes of note:
  • F1/F2/F3/F4/F5/F6/F7/F8 explain these are restricted stock units or PVUs (each unit generally converts to one share if vested).
  • F10: One PVU grant vests in three ratable annual installments (starting Aug 1, 2025) if the 60‑day average share price exceeds $3.13, $6.00 and $9.00 during a five‑year performance period.
  • F11: The other PVU grant vests in three ratable annual installments (starting one year after grant) if the 60‑day average exceeds $2.00, $3.00 and $4.00 during a five‑year performance period.
• Shares owned after transaction: Not listed in the supplied filing excerpt.
• Filing timeliness: Form shows filing date Aug 4 covering Aug 1 transactions; no late‑filing flag provided in the data supplied.

Context

• These filings reflect vesting/conversion of equity awards (derivatives) and the common practice of surrendering a portion of shares to cover withholding taxes — a routine administrative transaction rather than an open‑market sale or purchase by the insider.
• The two large PVU grants are performance‑contingent and will only convert to shares if service and price hurdles are met over the performance periods; they do not indicate immediate share ownership or a current cash investment by the insider.
• For retail investors, purchases are generally more informative of insider bullishness; this filing documents vesting and tax withholding, not a discretionary purchase or sale of stock on the market.