vant Hoff Graham 4

What Happened

• Director Graham vant Hoff converted vested restricted stock units (RSUs) into common shares around July 1, 2026. A total of 47,206 RSUs were converted into shares. To satisfy tax withholding, 17,468 shares were surrendered (disposed) at a withholding price of $1.44 per share, totaling about $25,154. The net shares retained by the insider were approximately 29,738.
• These were not open-market purchases or voluntary sales but routine conversions of equity awards upon vesting.

Key Details

• Transaction dates: RSU grant/vesting noted June 30, 2026 (grant) and vesting/conversion on July 1, 2026; Form 4 filed July 2, 2026 (period of report 2026-06-30).
• Prices/values: Tax withholding calculated at $1.44 per share; total cash value withheld ≈ $25,154.
• Shares after transaction: Not specified in the provided filing excerpts.
• Footnotes: RSUs represent a contingent right to one share each (F1). RSUs granted on 9/30/2025, 12/31/2025, 3/31/2026 and 6/30/2026 vested on July 1, 2026 (F2–F5). Dispositions coded F reflect shares withheld to pay tax obligations.
• Filing timeliness: Form 4 filed July 2; no late filing flag indicated in the provided data.

Context

• This was a standard RSU vest-and-convert event with share withholding for taxes (a common cashless-like mechanism). It is not an open-market sale or a new cash purchase by the insider, so it should be viewed as routine compensation settlement rather than a direct bullish or bearish trade signal.