Parra Pedro 4

What Happened

• Pedro Parra (insider) had 666 restricted stock units (RSUs) convert to common shares on 2026-02-18 (recorded as derivative exercise/conversion). Of those vested shares, 163 were surrendered to satisfy tax withholding at $22.38 per share (total value surrendered = $3,648). The conversion was treated as an acquisition of 666 shares at $0 (RSUs vesting) and a related disposal of 163 shares to cover taxes, leaving a net increase of 503 shares held.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (timely).
• Conversion/acquisition: 666 shares from RSU vesting (reported as derivative exercise/conversion, $0 per share).
• Tax withholding: 163 shares surrendered at $22.38 each, totaling $3,648 (reported as disposition to satisfy tax liability).
• Net shares added to Parra’s holdings: 503 shares (666 vested − 163 withheld).
• Footnotes: F1 = each RSU equals one share; F2 = shares were surrendered to satisfy tax withholding; F3 = these RSUs were part of a 2,000-RSU award on Feb 18, 2025 that vests in roughly equal installments over three years.
• Shares owned after transaction: Not specified in the filing.

Context

• This was a routine vesting of RSUs with a cashless-style tax withholding (shares surrendered to cover taxes), not an open-market buy or sell. Such withholding transactions are common and typically reflect tax obligations rather than a decision to sell for investment reasons.