Pande Abhay 4

What Happened

• Abhay Pande, a director of zSpace, Inc. (ZSPC), had restricted stock units (RSUs) vest on July 1, 2026. The RSUs converted into 135 shares of common stock (transaction code M: exercise/conversion of derivative) and the same 135 shares were immediately disposed. Reported price per share is $0.00, so no cash value was reported for the transactions.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
• Acquired: 135 shares via conversion of RSUs at $0.00; Disposed: 135 shares at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs were granted April 1, 2026 under the 2024 Equity Incentive Plan and the board’s annual compensation policy; amounts adjusted for the company’s 1-for-25 reverse split effective April 20, 2026; RSUs vested into shares on July 1, 2026.

Context

• Code M indicates conversion/exercise of a derivative (here, vested RSUs). The immediate disposition of all vested shares is commonly used to satisfy tax withholding or administrative obligations; the filing does not state the reason. No cash proceeds or purchase price were reported.