SelectQuote (SLQT) EVP Sarah Anderson Exercises Equity, Receives PVU Grants

What Happened

• Sarah Taylor Anderson, EVP, Healthcare at SelectQuote (SLQT), converted/ exercised a total of 85,322 derivative units into common shares on August 1, 2026. Those conversions show a $0.00 exercise price. To cover withholding taxes on vested awards, 24,890 shares were surrendered at $0.75 per share for $18,593. In addition, Anderson was granted two performance‑vested units (PVU) awards of 77,000 shares each (154,000 PVUs total).

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026 (appears to be within the normal 2-business-day reporting window).
• Conversions/exercises: 25,568 + 14,561 + 37,143 + 3,196 + 4,854 = 85,322 derivative units converted (reported at $0.00).
• Tax withholding: 24,890 shares surrendered at $0.75/share → $18,593 withheld (code F).
• Grants: two PVU awards of 77,000 shares each (codes A). PVUs are performance‑based and contingent on stock price targets and continued employment (see footnotes).
• Shares owned after the transactions: not specified in the provided excerpt.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding; A = grant/award.
• Notable footnotes:
  • F1/F2–F6: Restricted stock units and standard vesting descriptions referenced for other awards.
  • F7–F11: The two 77k awards are PVUs. They vest subject to service and 60‑day average price targets over a five‑year performance period (each grant has different price hurdles and vesting commencement dates).

Context

• This filing reflects an equity conversion/vesting event and new performance awards — not an open‑market purchase (so it’s not a direct bullish buy signal). The 24,890‑share disposal was a routine surrender to satisfy tax withholding on vested awards (common practice). The two 77,000 PVU grants are performance‑based and will only convert to shares if price and service conditions are met.