Saluja Dipender 4

What Happened

• Director Dipender (Saluja Dipender) reported exercising/converting derivatives for 19,157 shares and a simultaneous disposition of 19,157 derivative shares (both at $0.00), and was granted 18,850 restricted stock units (RSUs) at $0.00. The reported dollar amounts for these transactions are $0.00. The RSUs are a director award (contingent right to one share per RSU).

Key Details

• Transaction date(s): 2026-06-02; Form filed 2026-06-03 (timely filing).
• Derivative exercise/conversion: 19,157 shares acquired @ $0.00 and 19,157 shares disposed @ $0.00 (transaction code M for exercise/conversion of derivative).
• Grant/award: 18,850 RSUs awarded @ $0.00 (transaction code A).
• Shares owned after transaction: not specified in the filing.
• Footnotes: shares referenced are held of record by investment entities (Technology Impact Fund, Capricorn‑Libra entities, Saluja B. LLC) where Dipender has partner/manager roles; he disclaims beneficial ownership except to the extent of any pecuniary interest. The RSUs are annual non‑employee director awards that vest by the next annual meeting or a specified date (each RSU converts to one share upon vesting) per the footnotes.
• No evidence of a 10b5-1 plan, tax‑withholding sale, or late filing is indicated.

Context

• Transaction code M indicates exercise/conversion of a derivative (e.g., option or similar instrument); the simultaneous acquisition and disposition at $0 suggests a conversion/settlement of derivative rights rather than an open‑market purchase or sale for cash. The 18,850 RSUs are compensation awards for a non‑employee director and will convert to common shares only upon vesting. As always, director awards and exercises can be routine compensation events and do not by themselves indicate the director’s market view.