Lazarus Roger A. 4

What Happened

• Roger A. Lazarus, a director of Logistic Properties of the Americas (LPA), transferred 10,000 ordinary shares on May 20, 2026. The Form 4 reports this as an "other acquisition or disposition" (Code J). No price or proceeds are reported — the filing states the shares were transferred pursuant to a court‑approved settlement and the reporting person received no economic benefit.

Key Details

• Transaction date: May 20, 2026 (reported on Form 4 filed May 22, 2026).
• Transaction type/code: Other disposition (Code J) — transfer under settlement.
• Shares transferred: 10,000; Price/Proceeds: N/A (report states no economic benefit).
• Shares owned after transaction: Not specified in the information provided on the filing.
• Notable footnotes: F2 confirms the transfer was pursuant to a court‑approved settlement with no economic benefit to the reporting person. Footnotes F1 and F3–F5 describe Restricted Stock Units (RSUs) under the 2024 Equity Incentive Plan; several awards noted were fully vested as of their grant dates and each RSU represents the right to one share.
• Filing timeliness: Form 4 was filed two days after the transaction (May 22, 2026), which appears timely under standard Form 4 reporting rules.

Context

• This was a transfer under a court‑approved settlement, not an open‑market sale; the filing explicitly states Lazarus received no proceeds, so this transaction does not reflect a cash divestiture or a purchase signal. Transfers made for legal or settlement reasons often do not indicate the insider’s view of the company’s prospects.
• RSU-related footnotes clarify that some reported holdings are from restricted stock unit awards (each convertible to one share), including awards described as fully vested at grant.