Ding Xia 4

What Happened

Ding Xia, a director of USANA Health Sciences (USNA), had 1,057 restricted stock units (RSUs) convert to common shares on April 23, 2026. To cover tax withholding, 391 of those shares were surrendered at $19.24 per share for a total withholding value of $7,523, leaving a net of 666 shares delivered to Ding. This transaction reflects scheduled RSU vesting and conversion rather than an open-market buy or discretionary sale.

Key Details

• Transaction date: 2026-04-23 (reported Apr 27, 2026)
• Primary actions:
  • Code M: Conversion/exercise of derivative — 1,057 RSUs converted to 1,057 shares
  • Code F: Tax withholding — 391 shares withheld at $19.24/share = $7,523
• Net shares received after withholding: 666 shares
• Shares owned after the transaction: not specified in the filing
• Footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F2: These RSUs vest 25% on July 24, 2025; Oct 23, 2025; Jan 22, 2026; and Apr 23, 2026 (this was a scheduled vesting date).
• Filing timeliness: Form 4 filed on 2026-04-27; the filing does not flag lateness.

Context

This was a routine vesting/conversion of RSUs (derivative conversion), not an open-market purchase or sale—except for shares withheld to satisfy tax obligations (common practice). Code M indicates exercise/conversion of a derivative instrument (RSUs here); code F denotes shares surrendered for tax withholding. For retail investors, such awards signal compensation realization by insiders but are not direct bullish purchases.