SelectQuote (SLQT) CFO Clement Moore Exercises Derivatives, Receives Awards

What Happened
Clement Ryan Moore, CFO of SelectQuote, exercised or converted a total of 275,196 derivative units into common shares on August 1, 2026 (several transactions reported as "M" = exercise/conversion, at $0.00). On the same date he surrendered 80,733 shares to the company to satisfy withholding taxes (reported as "F") for a reported value of $60,308. He was also granted two performance‑vested unit awards (PVUs) of 343,750 shares each (total 687,500 PVUs) on August 1, 2026.

Key Details

• Transaction date: August 1, 2026; filing date: August 4, 2026 (no late‑filing flag shown in the provided excerpt).
• Exercises/conversions: 88,889 + 63,897 + 90,000 + 11,111 + 21,299 = 275,196 shares acquired at $0.00 (code M).
• Tax withholding: 80,733 shares surrendered at $0.75 per share to cover taxes; reported cash value $60,308 (code F).
• Grants: Two PVU awards of 343,750 each (total 687,500 PVUs) (code A); these are derivative/contingent equity awards (N/A price).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Relevant footnotes: F1 (shares surrendered to satisfy withholding), F10 and F11 (describe PVU vesting schedules and price thresholds), F2–F9 (additional RSU/PVU mechanics and vesting schedules).

Context

• M = exercise/conversion of derivatives (e.g., exercised options or converted other contingent awards); F = shares surrendered for tax withholding (common cashless exercise/tax-satisfaction mechanism). The exercises at $0.00 indicate conversion or exercise with no cash exercise price reported.
• The PVU grants are performance- and time‑based: they vest in ratable annual installments and only convert to shares if certain 60‑day average price hurdles are met during the multi‑year performance period (see footnotes for specific price thresholds and vesting start dates).
• These transactions are not open‑market purchases or sales by the insider (they are exercises/conversions, a tax withholding, and awards). Such insider exercises and grants are routine compensation actions rather than direct bullish or bearish open‑market bets.