Garis Douglas Michael 4

What Happened

• Douglas M. Garis, Claritev’s Executive Vice President & Chief Financial Officer, had multiple equity-related transactions reported for March 1, 2026. He was granted 66,322 restricted stock units (RSUs) (acquired at $0.00). To satisfy obligations tied to vested awards, 5,331 shares were withheld (disposed) at $13.47 per share to cover taxes, totaling about $71,809, and 25,488 shares were surrendered to the issuer in connection with a cash settlement of certain cash-settled RSUs (derivative disposition).

Key Details

• Filing date: March 3, 2026; Reported transaction date: March 1, 2026.
• Transactions reported:
  • Grant (A): 66,322 RSUs @ $0.00 (acquisition).
  • Tax withholding (F): 5,331 shares withheld @ $13.47 = $71,809 (disposition to pay taxes).
  • Derivative disposition (D): 25,488 shares surrendered to issuer @ $0.00 (cash-settlement of cRSUs).
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes:
  • F1: The 5,331 shares were withheld to pay taxes on RSUs that vested (granted March 1, 2025).
  • F2: The 66,322 RSUs vest 25% per year on each March 1 of 2027–2030.
  • F3: The 25,488-share disposition reflects cash settlement of cRSUs granted March 1, 2025, following vesting of 50% of those cRSUs on March 1, 2026.

Context

• The grant of 66,322 RSUs is an acquisition (award) and is typically a compensation grant, vesting over future years (not an open-market purchase).
• The 5,331-share “sale” is tax withholding — a routine disposition to cover taxes on vesting, not necessarily a directional bet on the stock.
• The 25,488-share disposition is a derivative cash-settlement event (shares surrendered/settled for cash), not an open-market sale.
• Form 4 was filed on March 3, 2026, reporting the March 1, 2026 transactions.