DeOliveira Erick 4

What Happened

• Erick DeOliveira, Chief Financial Officer of zSpace, converted vested restricted stock units (RSUs) into 2,204 shares of common stock (680 + 164 + 1,360) on July 1, 2026. The Form 4 reports these as derivative conversions (transaction code M) with an acquisition price of $0.00 and simultaneous dispositions of the same 2,204 derivative securities reported at N/A.
• This was not a cash purchase or open-market sale by the insider; it reflects RSU vesting/conversion rather than a market trade.

Key Details

• Transaction date: July 1, 2026. Filing date: July 6, 2026 (appears later than the Form 4 two-business-day filing window).
• Reported acquisitions: 2,204 shares at $0.00 (converted from RSUs). Reported dispositions: 2,204 derivative securities (price N/A).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes: RSUs were granted April 1, 2025 (Schedule 1 and 2) and April 1, 2026 (Schedule 3) under the 2024 Equity Incentive Plan, adjusted for a 1-for-25 reverse stock split effective April 20, 2026, and vested into common stock on July 1, 2026.
• Transaction code: M = exercise or conversion of a derivative security (here, RSU conversion). The filing does not include an explicit tax-withholding footnote.

Context

• Converting vested RSUs into shares is a routine compensation event and does not by itself indicate a bullish or bearish trade by the insider. Form 4 entries that show simultaneous acquisition and disposition sometimes reflect company withholding or transfer of shares to satisfy tax or other obligations, though this specific filing does not state a withholding transaction explicitly.
• Retail investors should view this as a vesting/conversion event (compensation realized) rather than a discretionary buy or sell decision by the CFO.