Maddock Bryce 4

What Happened
Bryce Maddock, CEO of TaskUs (TASK), converted/settled 92,696 restricted stock units (RSUs) into Class A common shares on March 26, 2026. In connection with that settlement, 36,476 shares were withheld to cover tax withholding obligations at $6.54 per share, for a withholding value of about $238,553. The filing also records a derivative line at $0.00 related to the conversion (a non‑cash bookkeeping entry).

Key Details

• Transaction date: March 26, 2026. Form filed March 30, 2026 (late filing).
• Primary action: Conversion/settlement of 92,696 RSUs (transaction code M).
• Tax withholding: 36,476 shares withheld (transaction code F) at $6.54/share → ~$238,553 withheld.
• Shares owned after the transaction: Not specified in the provided filing.
• Relevant footnotes:
  • F1: RSUs vest annually (33% Mar 15, 2025; 33% Mar 15, 2026; 34% Mar 15, 2027) and may be settled in stock or cash.
  • F2: Withholding shares were used to cover tax obligations.
  • F3–F5: Some securities are held by trusts (The Bryce Maddock Family Trust and two Maddock 2015 trusts) of which the reporting person is trustee/business trustee.
• Timeliness: The report was marked late (filed 4 days after the reported transaction date), which reduces near‑term transparency.

Context

• This was a vesting/settlement of RSUs rather than an open‑market purchase or voluntary sale; withholding shares for taxes is a routine administrative action and not a directional market bet.
• Transaction codes: M = exercise/conversion of a derivative (here RSU settlement); F = shares withheld to satisfy tax obligations.
• No cash proceeds were reported from a sale of the vested shares aside from the tax withholding; the $0.00 derivative line reflects the non‑cash conversion bookkeeping.