Nobili Antoine 4

What Happened

• Antoine Nobili, President of NobelClad (a DMC Global business), reported the conversion/exercise of derivatives that resulted in 2,304 shares being acquired on February 28, 2026. The filing shows both an acquisition and a corresponding disposition entry for the same 2,304 shares at $0.00 (code M = exercise/conversion). No cash changed hands in these entries.

Key Details

• Transaction date: 2026-02-28 (Period of Report). Filing date (Accession): 2026-03-02 — timely filing.
• Reported entries: 2,304 shares acquired @ $0.00 (M); 2,304 shares disposed @ $0.00 (M).
• Total cash value reported: $0 (conversion of RSUs to shares).
• Shares owned after transaction: not disclosed in the provided excerpt of this filing.
• Footnotes: F1 — each RSU converts to one common share. F2 — 3,455 RSUs were granted on Feb 28, 2024; 2,304 vested on Feb 28, 2026 and the remaining 1,151 RSUs vest on Feb 28, 2027.
• Transaction code meaning: M = exercise or conversion of a derivative security (here, RSU conversion).

Context

• This filing reflects RSU vesting and conversion into common shares rather than an open-market purchase or sale. Filings sometimes include a paired "disposition" line when shares are used for tax withholding or administrative settlement, but this specific filing does not state the reason for the disposition entry. Vesting/award conversions are routine compensation events and do not by themselves signal the insider's view on the company's stock.