Elzie Jene 4

What Happened

• Director Elzie Jene was granted 7,197 restricted shares (transaction code A) on July 1, 2026. The shares were acquired at a $0.00 purchase price, meaning no cash was paid by the insider at grant. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-02 (Form 4 accession 0001851003-26-000028).
• Shares involved: 7,197 restricted shares; Price per share recorded: $0.00.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: The award vests in four equal installments on July 1, 2027; October 1, 2027; January 1, 2028; and April 1, 2028.
• Transaction type: Award/grant (A). No indication of tax withholding, 10b5-1 plan, or sale in the filing.

Context

• Restricted stock awards are compensation and typically vest over time; they do not by themselves signal a cash investment by the insider. Because the grant vests in scheduled installments over 2027–2028, economic ownership and potential ability to sell will depend on vesting and any company trading policies. The Form 4 was filed the next day and appears timely under Section 16’s two-business-day reporting requirement.