McLellan Philip D. 4

What Happened

• Philip D. McLellan, Chief Operations Officer of QuidelOrtho, had 4,897 restricted stock units (RSUs) vest on January 29, 2026. The RSUs converted into 4,897 common shares (acquisition at $0.00 per share). To satisfy tax withholding obligations, 2,017 of those shares were withheld (disposed) at $27.41 per share for a withholding amount of $55,286. That leaves a net delivery of 2,880 shares to McLellan.
• The filing shows the RSU conversion (derivative exercise/conversion) and the tax-withholding disposition; the RSU conversion itself carries no cash exercise price.

Key Details

• Transaction date: January 29, 2026. Filing date: February 2, 2026 (appears timely).
• Shares involved: 4,897 RSUs vested and converted; 2,017 shares withheld for taxes; net 2,880 shares delivered.
• Prices/values: Withholding price $27.41/share; withholding proceeds ≈ $55,286. Based on $27.41, gross value of vested shares ≈ $134,200 and net delivered value ≈ $78,900.
• Shares owned after transaction: Not specified in the provided filing data.
• Notable footnotes:
  • F1/F2: Release of previously reported RSUs; share disposition was withholding to satisfy tax obligations.
  • F3: Each RSU equals one common share.
  • F4: 4,897 shares vested 1/29/2026; remaining 9,796 RSUs will vest in equal installments on 1/29/2027 and 1/29/2028.

Context

• This was a routine RSU vesting event with share withholding to cover taxes (common practice), not an open‑market sale or purchase. The derivative conversion (M code) reflects RSUs being settled into shares; the F code reflects shares withheld for tax obligations.