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STAAR SURGICAL CO·4

Mar 16, 5:00 PM ET

Foust Warren 4

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STAAR (STAA) Interim Co‑CEO Warren Foust Receives RSU Award, Converts Vested RSUs

What Happened Warren Foust, Interim Co‑CEO and President & COO of STAAR Surgical (STAA), had multiple restricted stock unit (RSU) events reported on Form 4. On March 12 and March 14, 2026 he converted vested RSUs into 37,500 shares (8,175 + 19,550 + 9,775) at $0.00 per share and those same amounts were reported as disposed the same days. On March 13, 2026 he was granted 45,117 new RSUs (annual award) at $0.00 per RSU. All transactions are reported as derivative activity (codes M = exercise/conversion; A = award/grant).

Key Details

  • Transaction dates and amounts:
    • 2026-03-12: Conversion (M) of 8,175 vested RSUs → acquired 8,175 shares @ $0.00; same day disposition of 8,175 shares @ $0.00.
    • 2026-03-13: Grant (A) of 45,117 RSUs @ $0.00 (annual award).
    • 2026-03-14: Conversions (M) of 19,550 and 9,775 vested RSUs → acquired and same‑day disposed at $0.00 (each).
  • Net/ongoing change: The filing shows 45,117 newly granted RSUs (subject to future vesting). The vested RSUs converted on 3/12–3/14 were also reported as disposed the same days (no retained shares from those vested conversions reflected in the filing).
  • Footnotes: Vesting schedules—prior RSUs from 2024 and 2025 vested in thirds (F1, F3, F4); the March 13, 2026 RSU award vests 1/3 annually from 2027–2029 (F2). Each RSU equals one share on vesting (F6). F5 notes other previously granted RSUs remain subject to future vesting.
  • Shares owned after transaction: the filing does not disclose total beneficial ownership (not provided in the summary data).
  • Timeliness: Form filed 2026-03-16 for transactions 3/12–3/14; no late filing is indicated.

Context

  • The conversions labeled "M" are derivative exercises/conversions (here, RSUs converting into common shares upon vesting). The matched same‑day disposals are consistent with shares being surrendered or withheld (commonly to satisfy tax withholding), as the filing shows zero cash consideration; the filing does not detail tax withholding mechanics.
  • The March 13 entry is an award of RSUs (A) that will vest over future years per the footnote schedule and therefore does not represent immediately tradable shares.