Kellenberger Paul 4

What Happened

• Paul Kellenberger, CEO of zSpace, had restricted stock units (RSUs) vest and convert into a total of 4,020 shares of common stock on July 1, 2026. The Form 4 reports conversions of 1,340 and 2,680 RSUs into common shares at $0.00 per share (code M — exercise/conversion of derivative). These were awards converting to stock, not open-market purchases or sales.

Key Details

• Transaction date: July 1, 2026. Report filed: July 6, 2026.
• Reported conversions: 1,340 shares @ $0.00 and 2,680 shares @ $0.00 (total 4,020 shares).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: RSU grants were awarded April 1, 2025 and April 1, 2026 and adjusted for a 1-for-25 reverse stock split effective April 20, 2026; both grants vested into shares on July 1, 2026 (see F1–F3).
• Timeliness: Filing dated July 6 for a July 1 transaction appears later than the SEC’s usual two-business-day Form 4 filing requirement.

Context

• These entries reflect RSU vesting/conversion (derivative conversion) rather than a cash purchase or sale; $0.00 per share indicates no cash exercise price was paid. No immediate sale of the newly issued shares is reported on this Form 4. Such vesting events are typically compensation-related and may create taxable income for the recipient, but do not by themselves indicate buying or selling sentiment.