Lee Adrianne 4

What Happened
Adrianne Lee, President & Chief Financial Officer of Bed Bath & Beyond, had a mix of restricted stock units and performance shares vest on February 4, 2026. The filing shows conversion/exercise of 46,421 derivative units into common shares (transaction code M). To cover tax withholding, 13,394 shares were surrendered (transaction code F) at $5.62 per share, generating approximately $75,274 in proceeds. The net shares delivered to Lee after withholding were about 33,027 shares.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
• Conversion details: 46,421 shares acquired via conversion/exercise of derivatives (reported at $0.00 per-share acquisition price).
• Tax withholding: 13,394 shares withheld/disposed at $5.62 per share, totaling ~$75,274.
• Net shares received: ~33,027 shares (46,421 acquired − 13,394 withheld).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1–F3 show these were vested restricted stock units and performance shares; the compensation committee determined certain performance shares were earned and one‑third vested on Feb 4, 2026.
• Codes explained: M = conversion/exercise of derivative (vesting into shares); F = shares withheld to satisfy tax liabilities.

Context
This was not an open-market cash sale but a standard vesting + tax-withholding event (a cashless settlement). Such filings are routine when equity awards vest; they do not by themselves indicate buying or selling for investment reasons.