Leatherberry Antoinette Renee 4

What Happened

• Director Antoinette Renee Leatherberry received 286 shares upon vesting of restricted stock units (90 on Jan 24, 159 on Jun 9, and 37 on Jun 12, 2026). She sold a total of 90 of those shares (67 on Jun 9 at $2.96 for $198; 23 on Jun 12 at $2.91 for $67) to satisfy tax withholding obligations. The vesting/conversion entries are reported as derivative exercises (code M) and the disposals are open-market sales (code S).

Key Details

• Transaction dates and prices:
  • Jan 24, 2026: 90 RSUs vested (conversion to shares; reported as $0 derivative disposition).
  • Jun 9, 2026: 159 RSUs vested; sold 67 shares at $2.96 each ($198) to cover taxes.
  • Jun 12, 2026: 37 RSUs vested; sold 23 shares at $2.91 each ($67) to cover taxes.
• Total shares received: 286 (90 + 159 + 37). Total sold: 90. Net cash from sales ≈ $265.
• Footnotes: vesting/RSU conversions are 1-for-1 into Class A common stock; reported numbers adjusted for 55‑for‑1 and 4‑for‑1 reverse stock splits that occurred in Jan and Apr 2026. Sales on Jun 9 and Jun 12 represent shares sold solely to satisfy tax liabilities (F4, F5). Grants and vesting schedule details are in F6–F8.
• Filing timeliness: The filing discloses delinquent transactions due to an administrative oversight (late filing).

Context

• These transactions are routine vesting and tax-withholding sales (cashless-type disposition) rather than open-market investment purchases; such sales commonly don't signal a change in insider sentiment. The derivative-code entries reflect RSU conversions into shares, not option purchases.