Schmid Anette 4

What happened

• Anette Schmid (reported as a 10% owner) was the recipient of multiple share issuances and awards on May 23, 2026. Key items: two small awards for compensation (24,247 shares and 18,782 shares at $5.86 each) and larger issuances at $7.33 per share that were issued in settlement of outstanding claims (2,190,589 shares and 1,028,074 shares). The larger issued shares total 3,218,663 shares; counting the awards the aggregate new shares reported that day amount to 3,261,692 shares with an aggregate reported value of about $23.85 million. The 2,190,589 shares issued to Schmid were assigned/transferred to a related investment company the same day (per footnote).

Key details

• Transaction date: May 23, 2026. Prices: $7.33 (large issuances), $5.86 (awards).
• Reported amounts and values (selected):
  • 2,190,589 shares @ $7.33 = $16,058,989 (issued and assigned/transferred)
  • 1,028,074 shares @ $7.33 = $7,536,708 (issued to Schmid Grundstuecke GmbH & Co KG in set‑off)
  • 24,247 shares @ $5.86 = $142,201 (bonus compensation)
  • 18,782 shares @ $5.86 = $110,151 (board compensation)
• Shares owned after transactions (per filing):
  • Via Schmid Aequitas GmbH & Co. KG (SAE): 13,680,589 ordinary shares
  • Via Schmid Grundstuecke GmbH & Co. KG: 1,028,074 ordinary shares
  • Directly held: 43,029 ordinary shares (the two awards)
  • Total beneficial ownership reported: ~14,751,692 shares (plus other details below).
• Related-party / transfer notes (important): the 2,190,589 shares issued to the reporting person were assigned to SAE and transferred to an investment company the same day; the 1,028,074 shares were issued to Schmid Grundstuecke in exchange for setting off claims.
• Unvested earn-out: SAE holds contractual rights to 2,500,000 earn-out shares (not included in the totals). Those earn‑outs remain restricted and will only vest if share price hurdles ($15 and $18 targets over specified windows) are met by April 30, 2027; unvested earn-outs carry no voting or distribution rights.

Context

• These were primarily issuances in settlement of claims and compensation awards (not open-market buys or routine sales). For a 10% owner, transfers into affiliated vehicles (SAE, Schmid Grundstuecke, an investment company) are common corporate/ownership arrangements and do not necessarily signal personal trading intent. The earn-out shares are restricted and contingent on future share-price performance, so they do not confer current voting or dividend rights.