Carlson Anthony J 4

What Happened
Anthony J. Carlson, President, CEO and a director of Array Digital Infrastructure, exercised/converted company derivatives and received shares from the final vesting of equity awards on April 3, 2026. He acquired a total of 5,892 shares through two exercise/conversion events (1,742 and 4,150 shares) at a valuation price of $48.00 per share, totaling $282,816. To satisfy tax withholding and exercise-related obligations, 511 and 1,217 shares (1,728 shares total) were withheld/used (valued at $24,528 and $58,416 respectively; $82,944 total). Net new shares retained from the transactions were 4,164 (5,892 acquired minus 1,728 withheld). These transactions reflect award vesting and option/derivative conversion rather than an open-market buy or sell.

Key Details

• Transaction date: April 3, 2026. Valuation price used: $48.00 per share (prior trading day used because market was closed).
• Gross shares from exercise/conversion: 5,892 shares; gross value recorded: $282,816.
• Shares withheld to cover taxes/exercise obligations: 511 and 1,217 shares (1,728 total; value $82,944).
• Net shares retained: 4,164 (based on provided transaction counts).
• Footnotes:
  • RSUs were granted under the Array Long-Term Incentive Plan on April 3, 2023; this represents settlement of the final (third) vesting tranche. Additional units were added to maintain fair value after special dividends (RSU additions: 436 and 290 units).
  • Performance share units (granted April 3, 2023) were certified and vested on April 3, 2026; PSUs were adjusted for special dividends (additions: 1,040 and 691 units).
  • Shares were withheld to pay taxes (transaction code F). Exercise/conversion entries are transaction code M.
• Filing timeliness: Form 4 was filed on April 6, 2026 for transactions dated April 3, 2026 — within the SEC’s 2-business-day Form 4 deadline (filed timely).
• Shares owned after the transaction: not disclosed in the supplied data.

Context and investor note

• These were internal corporate actions (award vesting and derivative exercise/conversion), not open-market purchases or discretionary insider sales. The withholding of shares for taxes is a routine administrative step (cashless withholding) and does not necessarily indicate a change in insider sentiment.
• For clarity: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.