Kenison Michael R. 4

What Happened

• Michael R. Kenison, Chief Operations Officer of Proto Labs (PRLB), had 2,684 shares disposed/withheld to satisfy a tax liability at $53.18 per share, for a total value of roughly $142,735. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-10; Price: $53.18 per share; Total value: ~$142,735.
• Shares were disposed/withheld to cover tax obligations (Form 4 transaction code F).
• Shares owned after the transaction: not specified in the information provided.
• Filing: Form 4 filed 2026-02-12 for the 2026-02-10 transaction — appears timely (within the required two business days).
• Note: This is a withholding/tax payment related to an earlier award or exercise, not a discretionary sale in the open market.

Context

• Tax-withholding disposals commonly occur when an insider exercises options or when restricted shares vest; a portion of shares is surrendered or withheld to cover required taxes. These transactions are typically administrative and do not necessarily signal the insider’s view of the company’s prospects.