Deflin Gayle 4

What Happened
Director Gayle received two awards on June 1, 2026 totaling 25,508 shares: 8,143 shares reported as restricted stock units (RSUs) and 17,365 shares reported as a derivative award. Both awards were recorded at $0.00 (no cash paid) on the Form 4 filed June 3, 2026. These are grants/awards (A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
• Awards: 8,143 RSUs @ $0.00; 17,365 derivative shares @ $0.00 — total 25,508 shares granted.
• Vesting: Footnote(s) indicate the RSUs and the shares subject to the option both vest on June 1, 2027.
• Shares owned after transaction: Not disclosed on the provided Form 4 excerpt.
• No sale or exercise occurred; this is an equity grant (code A), not a purchase (P) or sale (S).

Context
RSUs and similar derivative awards are compensation that convert to actual shares only when they vest; they do not represent immediate market selling or buying pressure. Because no cash changed hands and the awards vest in one year, this filing documents a standard director equity grant rather than an insider market trade.