Hoffman David L. 4

What Happened
David L. Hoffman, General Counsel, Chief Compliance Officer and Secretary of Delcath Systems, Inc. (DCTH), received equity awards on February 17, 2026: a derivative option award for 56,500 shares (granted at $0.00) and 28,250 restricted stock units (RSUs) (granted at $0.00). Together these awards total 84,750 underlying shares awarded; they are grants (compensation awards), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely filing).
• Option award: 56,500 shares, acquisition price $0.00; vests/exercisable at 1/36th per month beginning Feb 17, 2026 (see footnote F1).
• RSU award: 28,250 RSUs (each RSU = contingent right to one share), acquisition price $0.00. Vesting: 1/3 vests Feb 17, 2027; remaining 2/3 vest in equal annual installments over the next two years, subject to continued service (footnotes F2, F3).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed the next day (appears timely); no 10b5-1 plan, tax withholding, or sale reported in this filing.

Context
These are compensation grants: the option is a derivative award that vests over time rather than an immediate stock purchase, and RSUs convert to actual shares only as they vest and subject to continued employment. Such grants are common for executive compensation and do not by themselves indicate immediate buying or selling in the open market.