Nauticus (KITT) Director Jim Bellingham Receives 4,324 Shares

What Happened

• Jim Bellingham, a director of Nauticus Robotics, had derivative awards convert into 4,324 shares of common stock (two conversions of 2,162 shares each) on May 27, 2026. The reported exercise/conversion price was $0.00 per share (no cash paid at conversion). This was a conversion/vesting event (Form 4 transaction code M), not a sale.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-07-31 (filed late).
• Shares acquired: 2,162 + 2,162 = 4,324 shares; price per share reported: $0.00; total cash consideration reported: $0.
• Transaction type/code: M (exercise or conversion of derivative — in this case RSU conversion/vesting).
• Footnotes: F1 — amounts adjusted for a 1-for-8 reverse stock split on April 21, 2026. F2 — each unit is a Restricted Stock Unit (RSU) under the 2022 Omnibus Incentive Plan. F3 — the RSUs vested on the earlier of May 27, 2026 or the day before the 2026 annual meeting (so they vested on 5/27/2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: The filing was late (transaction 5/27/2026; Form 4 filed 7/31/2026). Late filings can reduce transparency and may carry SEC consequences.

Context

• These entries reflect RSUs converting into common stock upon vesting (a routine compensation/award event), not an open-market purchase or a sale. No proceeds were received by the insider at the time of conversion. For retail investors, such vesting events are compensation-related and do not by themselves indicate an insider buying or selling stock for investment reasons.