Flees Lori Ann 4

What Happened
Lori Ann Flees, a director of Harley‑Davidson, reported conversion/exercise of derivative awards on May 14, 2026. The Form 4 shows an acquisition of 6,015 shares at $0.00 and a matching disposition of 6,015 shares (derivative) at $0.00 — reflecting conversion of derivative stock units into common shares under the company’s Director Stock Plan. This was not a cash purchase or a market sale of shares.

Key Details

• Transaction date: 2026-05-14; filing date: 2026-05-18 (filed within the required reporting window).
• Reported amounts: 6,015 shares acquired @ $0.00; 6,015 shares disposed (derivative) @ $0.00.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: (F1) Granted under Harley‑Davidson Director Stock Plan; (F2) 1-for-1 conversion; (F3) includes shares from automatic dividend reinvestment; (F4) each Stock Unit equals one share and is typically payable on the one‑year anniversary of the grant or upon earlier termination.
• Transaction code: M (exercise/conversion of derivative).

Context
For retail investors: this filing documents the conversion of director stock units into common stock rather than an open‑market buy or sell. The paired “Acquired” and “Disposed” entries are common when a derivative instrument (stock unit) is converted into underlying shares; the “Disposed” line refers to the derivative instrument, not a cash sale of shares. No cash value was reported for these entries.