Sze David L 4

What Happened

• Director David L. Sze had derivative activity on June 9, 2026: 106,707 shares were reported as the exercise/conversion of a derivative (code M) — shown as both acquired and disposed — and he was also granted 85,365 restricted stock units (RSUs) reported as an award (code A). All items are reported at $0.00 per share in the filing (no cash value listed).
• These are not open-market purchases or sales of stock in the traditional sense; the filing records conversion/exercise of derivative interests and the grant of RSUs (awards).

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (appears timely).
• Exercise/conversion: 106,707 shares (code M) — reported as both acquired and disposed at $0.00.
• Award/grant: 85,365 RSUs (code A) — each RSU represents a contingent right to one share (see footnotes).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes of note:
  • Each RSU equals one share if/when settled.
  • One RSU award vested or vests on the earlier of the 2026 annual meeting or June 10, 2026 (subject to continued service).
  • The 85,365-RSU award will vest on the earlier of the 2027 annual meeting or June 9, 2027 (subject to continued service).
  • The RSUs do not expire; they either vest or are canceled beforehand.
• No indication in this filing of a 10b5-1 plan, tax withholding method, or other sale plan.

Context

• The filing shows the exercised/converted shares were simultaneously reported as disposed. Filings like this often reflect net settlement, immediate sale, or share withholding to satisfy taxes or exercise costs, but this Form 4 does not state the reason for the disposition.
• Awards (RSUs) are compensation grants and do not by themselves signal buying interest in the open market; conversions/exercises likewise may be administrative (vesting/settlement) rather than market-driven trades.