De Vlieger Robert W II 4

What Happened Robert W. De Vlieger II, a director of Northpointe Bancshares, was granted 2,606 restricted stock units (RSUs) on May 13, 2026. The Form 4 reports the acquisition as a derivative award with an acquisition price of $0.00 (reported value $0). This is a compensation award (not an open-market purchase or sale) and will convert into common stock on a one-for-one basis as the RSUs vest.

Key Details

• Transaction date: May 13, 2026; Form 4 filed: June 17, 2026 (filed late — 35 days after the grant).
• Award: 2,606 RSUs reported as acquired at $0.00 (derivative instrument).
• Vesting: RSUs vest in three approximately equal annual installments on May 13, 2027, 2028 and 2029 (per filing footnote).
• Shares owned after the transaction: not stated in the filing.
• Footnotes: F1 = RSUs convert 1-for-1 into common stock; F2 = vesting schedule as noted above.

Context RSU grants are a common form of director compensation and do not involve an immediate cash purchase or sale of shares; the economic interest materializes as units vest and convert to common stock. Because the Form 4 was filed well after the transaction date, retail investors should note the late disclosure but recognize this is a routine award rather than an indicated buy/sell by the director.