Butcher Patrick 4

4 · Endava plc · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Endava (DAVA) Director Patrick Butcher Converts RSUs, Sells 554 Shares

What Happened

Patrick Butcher, a director of Endava plc (DAVA), had restricted share units (RSUs) convert into 1,212 Class A ordinary shares on March 31, 2026. Following the conversion, 554 of those shares were sold in an open-market transaction on April 1, 2026 at $4.43 each, generating $2,454 in proceeds. The filing shows the derivative conversion at $0 (typical for RSU settlements rather than an option exercise).

Key Details

Transaction dates: conversion/vesting 2026-03-31; open-market sale 2026-04-01.
Sale price/proceeds: 554 shares sold at $4.43/share for $2,454 total.
Conversion: 1,212 RSUs converted to 1,212 ordinary shares on 3/31 (derivative conversion).
Shares owned after transaction: Not disclosed in the Form 4.
Notable footnotes:
- F1: Class A ordinary shares may be represented by ADSs (1 ADS = 1 ordinary share).
- F2: Each RSU = right to one Class A ordinary share (or cash at issuer's option).
- F3: The 554-share sale was to cover statutory tax withholding in connection with RSU vesting.
- F4: The RSUs vest in two equal installments (March 31, 2026 and June 30, 2026).
Filing timeliness: Form filed 2026-04-02 for transactions on 3/31 and 4/1; no late-filing flag noted in the report.

Context

This was a conversion/settlement of RSUs, not a market purchase; the subsequent sale appears to be a routine, tax-withholding sale (common on RSU vesting) rather than a directional bet on the stock.
The zero exercise price reflects RSU settlement mechanics (no option strike).

Form 4

Period: 2026-03-31

Director

Transactions

Exercise/Conversion
Class A Ordinary Shares
[F1][F2]
2026-03-31+1,212→ 9,653 total
Sale
Class A Ordinary Shares
[F1][F3]
2026-04-01$4.43/sh−554$2,454→ 9,099 total
Exercise/Conversion
Restricted Share Units
[F2][F4]
2026-03-31−1,212→ 1,212 total
→ Class A Ordinary Shares (1,212 underlying)

Footnotes (4)

[F1]The Class A Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one ordinary share.
[F2]Each restricted share unit ("RSU") represents a contingent right to receive one Issuer Class A Ordinary Share or, at the option of the Issuer, cash.
[F3]Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted share units.
[F4]The RSUs vested or will vest in 2 equal installments on March 31, 2026 and June 30, 2026.

Signature

/s/ Rohit Bhoothalingam, Attorney-in-Fact|2026-04-02

1 file