Zspace, Inc.: director Morris Joanna exercised 135 shares

What happened

• Morris Joanna, a director of Zspace, Inc., exercised or converted a derivative resulting in acquisition of 135 shares at $0.00 on Oct 1, 2026. The Form 4 also reports a corresponding derivative disposition entry for 135 shares on Oct 1, 2026.

Key details

• Transaction date(s) and price(s): Oct 1, 2026; acquisition 135 shares at $0.00 (code M). A corresponding derivative disposition of 135 shares is also reported the same date.
• Shares owned after the transaction: not reported in the provided filing.
• Footnotes: The filing says the shares came from restricted stock units (RSUs) granted Apr 1, 2026, under the 2024 Equity Incentive Plan and the board's annual compensation policy; the RSU count was adjusted for a 1-for-25 reverse stock split effective Apr 20, 2026, and the RSUs vested into common stock on Oct 1, 2026. Share and unit amounts reflect the 1-for-25 reverse split.
• Filing timeliness: Form filed Oct 2, 2026; the filing is not marked late.

Why it may matter

• The filing shows conversion/exercise of RSUs into common shares on vesting; it does not show any sale of the shares on the market.
• A filing does not show why the insider traded or why the company acted.