Kellenberger Paul 4

What Happened

• Paul Kellenberger, CEO of zSpace, had 1,443 shares of common stock withheld by the company to satisfy tax withholding on vested restricted stock units (RSUs). The withheld shares were valued at $0.21 each, totaling $297. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: July 6, 2026; Form 4 filed July 7, 2026 (timely filing).
• Price per share: $0.21; total value withheld: $297.
• Shares withheld: 1,443 (issuer withheld these shares to pay taxes).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The withholding arose from RSUs that vested on July 1, 2026 under the issuer’s 2024 Equity Incentive Plan; no shares were sold by the reporting person.

Context

• Code F transactions represent shares withheld by the issuer to cover tax obligations on awards — routine administrative actions that do not necessarily indicate buying or selling intent.
• Because no open-market sale or purchase occurred, this filing is primarily an administrative tax-withholding disclosure rather than a market sentiment signal.