Weir Jaspar 4

What Happened

• Jasper Weir (reported as a 10% owner and trustee) had previously granted restricted stock units (RSUs) vest and convert into common shares on March 6–7, 2026. A total of 23,321 shares were converted (10,355 on Mar 6 and 12,966 on Mar 7). To cover tax withholding obligations, 2,522 shares (Mar 6) and 3,158 shares (Mar 7) were withheld at $10.92 per share, totaling $27,540 and $34,485 respectively (total withheld value $62,025). On March 9, 2026 he was also granted 28,116 new RSUs (no cash paid).
• The filing shows conversion/exercise of RSU derivatives and share withholding for taxes rather than an open-market sale.

Key Details

• Transaction dates: Mar 6, 2026; Mar 7, 2026; Mar 9, 2026. Filing date: Mar 10, 2026 (Form 4).
• Converted/Acquired: 10,355 shares (Mar 6) and 12,966 shares (Mar 7) — total 23,321 shares converted from RSUs.
• Shares withheld for taxes (disposed): 2,522 shares @ $10.92 = $27,540 (Mar 6) and 3,158 shares @ $10.92 = $34,485 (Mar 7); total withheld = 5,680 shares (~$62,025).
• New award: 28,116 RSUs granted on Mar 9, 2026 (vest schedule per footnote F7: 33%/33%/34% over three years starting Mar 9, 2027).
• Footnotes: F1/F3/F7 describe RSU vesting schedules; F2 denotes shares withheld to satisfy tax withholding; F4–F6 indicate shares held indirectly in trusts for which Mr. Weir is trustee. The report disclaims direct beneficial ownership except for pecuniary interest.
• Filing timeliness: Form filed 2026-03-10 covering Mar 6–9 events; appears to be filed within the normal two-business-day window.

Context

• These were RSU vesting/conversion events (transaction code M for conversion/exercise and F for shares withheld to cover taxes). This is effectively a cashless withholding to meet tax obligations, not an open-market sale or purchase. As a 10% owner and trustee, holdings are reported largely as indirect via trusts per the footnotes; this report reflects compensation-related equity activity rather than an independent stock purchase or sale.