LaFrence Andrew D.C. 4

What Happened
Director Andrew D.C. LaFrence received an award of 4,304 restricted stock units (RSUs) on 2026-06-10. The reported acquisition price is $0 (this is a grant, not a cash purchase); the filing lists the transaction code A (award/grant). The RSUs vest on the date immediately preceding the next annual meeting of stockholders, contingent on continued service (see footnote F1).

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely filing). Accession: 0001850633-26-000002.
• Shares granted: 4,304 RSUs; reported price: $0.00; total reported value: $0.
• Transaction code: A = Award/Grant.
• Footnote F1: RSUs vest the day before the next annual meeting, subject to the reporting person’s continued service on the vesting date.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context
RSU grants are a form of compensation and do not represent an immediate market purchase or sale. The recipient generally realizes value only when RSUs vest and convert to shares (or are settled in cash), so this award does not indicate an immediate change in market exposure. For retail investors, awards are routine executive compensation and should be interpreted differently from open-market purchases or insider sales.