Patel Priti V 4

What Happened

• Priti V. Patel, Head of Emerging Brands at National Vision (EYE), had restricted stock units (RSUs) vest on March 6, 2026. The Form 4 shows derivative conversions/settlements and an award resulting in shares being acquired, and a separate withholding of shares to cover taxes. Specifically, the filing lists:
  • Conversion/exercise entries of 8,224 derivative shares (code M).
  • A grant/award acquisition of 10,753 shares (code A) at $0.00 (derivative/RSU settlement).
  • 2,738 shares were withheld (disposed) to satisfy tax withholding at $27.90 per share, generating $76,390 (code F).
• This activity reflects RSU vesting and tax withholding (vesting is not an open-market purchase or indicative of bullish trading).

Key Details

• Transaction date: March 6, 2026. Form 4 filed: March 9, 2026 (timely filing).
• Dispositions: 2,738 shares withheld at $27.90 per share = $76,390 (tax withholding, code F); one derivative disposal of 8,224 shares is also listed at $0.00 (code M).
• Acquisitions: 8,224 shares recorded as conversion/exercise of a derivative (code M) and 10,753 shares recorded as a grant/award (code A), both at $0.00 (RSU/derivative settlement).
• Footnotes of the filing:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: Payment of tax liability was made by withholding securities incident to RSU vesting.
  • F3/F4: On March 7, 2025, 24,672 RSUs were granted to the reporting person, vesting in three equal installments; one-third (8,224 RSUs) vested on March 6, 2026.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Transaction codes explained: M = exercise/conversion of derivative (e.g., RSU conversion); A = award/grant; F = tax withholding to satisfy tax liability.

Context

• This filing documents RSU vesting and tax withholding (routine administrative events). The withholding of 2,738 shares to cover taxes is a common, non-market sale method to satisfy tax obligations on vested equity (a cashless settlement), not an indication of a directional trade by the insider.
• For retail investors: purchases or open-market sales by insiders can be more informative about sentiment. Here, the activity is compensation-related (vesting) rather than an intentional buy or sell in the market.