Baumgartner Florian 4

What Happened

• Florian Baumgartner, Cimpress EVP and CEO, had restricted share units (RSUs) convert into 9,288 ordinary shares on 2026-04-15 (8,263 + 1,025). The conversion is reported as exercise/conversion of a derivative (code M) with a $0 acquisition price because these were RSUs.
• To satisfy tax withholding (code F), 4,411 of those shares were surrendered/disposed at $80.49 per share, generating a withholding value of $355,041. Net of withholding, Baumgartner retained 4,877 shares from this vesting event.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-16 (timely).
• Shares acquired via conversion: 9,288 (8,263 and 1,025), acquisition price shown $0 (RSU conversion).
• Shares disposed for tax withholding: 4,411 at $80.49 each = $355,041.
• Net shares retained from this vesting: 9,288 − 4,411 = 4,877.
• Footnotes: F1 confirms the shares came from RSUs (each RSU = one ordinary share); F2/F3 describe multi-year vesting schedules (25% at the Date Exercisable, remainder vesting annually or quarterly as noted).
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was not an open-market purchase or a discretionary sale signaling a trade decision; it was RSU vesting and routine tax withholding (common compensation mechanics).
• The filing shows conversion of RSUs to shares (derivative exercise/conversion) and a share surrender to cover tax obligations, not a market sale to generate cash beyond the withholding.