Stultz Reed 4

What Happened

• Reed Stultz, Senior Vice President — Logistics at Knight‑Swift (KNX), converted 524 restricted stock units (RSUs) into Class A Common Stock on January 31, 2026. As part of the vesting/settlement, 166 shares were withheld to satisfy tax withholding at $55.10 per share, totaling $9,147. The filing also reports the RSU conversion/derivative event (524 shares) at $0.00, which is a reporting convention for RSU-to-share conversions.

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026 (appears timely).
• Primary events reported: conversion/exercise (code M) of 524 RSUs; tax withholding (code F) of 166 shares @ $55.10 = $9,147.
• Shares acquired via conversion: 524; shares withheld/removed to cover taxes: 166.
• Footnotes in the filing:
  • F1: RSUs convert one-for-one into Class A Common Stock.
  • F2: The RSU grant vests in five equal annual installments beginning January 31, 2023; stock is issued as vested.
  • F3/F4: Certain totals reported in the filing include shares owned by Megan Stultz (465 and 970 shares, respectively).
• No late-filing indication in the document.

Context

• This was a routine RSU vesting and tax-withholding transaction, not an open-market purchase or investment sale by the insider. Withholding/surrender of shares to cover taxes is common and does not necessarily signal a bullish or bearish view.
• The derivative/RSU conversion and the tax-surrender are often reported as separate line items (conversion as a derivative event, withholding as a disposal for tax payment).