Kellenberger Paul 4

What Happened

• Paul Kellenberger, CEO of zSpace, reported two related insider transactions dated April 1, 2026: he converted/exercised 33,500 derivative units into 33,500 shares of common stock at a $0 exercise price (no cash paid), and a grant/award of 268,000 restricted stock units (RSUs) was reported as acquired. The filing shows the 33,500 conversion as an "M" (exercise/conversion) and the 268,000 as an "A" (award/grant). No cash values are shown for these derivative transactions.

Key Details

• Transaction date(s): April 1, 2026 (reported on Form 4 filed April 6, 2026).
• Exercise/conversion: 33,500 shares acquired at $0.00 (derivative conversion).
• Grant/award: 268,000 RSUs reported as acquired (derivative instrument).
• Shares owned after transaction: not disclosed in the provided data.
• Footnotes:
  • F1: The 33,500 RSUs were awarded April 1, 2025 and vested into shares on April 1, 2026 (per the filing).
  • F2: The 268,000 RSUs will vest in four equal quarterly installments (25% each), commencing July 1, 2026, provided continued service.
• Filing timeliness: Transactions dated April 1 were reported on April 6; Form 4s are generally due within two business days, so this filing appears to have been submitted after that window.

Context

• The 33,500-item entry reflects conversion/exercise of a derivative into shares with no cash outlay (not a cash sale). The 268,000-item is a time‑vesting RSU award that does not deliver fully vested shares immediately — it vests quarterly starting July 1, 2026. Grants and exercises are routine forms of compensation for executives and do not by themselves indicate a buy/sell signal; they should be considered alongside other insider activity and company context.