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LIFECORE BIOMEDICAL, INC. \DE\·4

Apr 16, 4:39 PM ET

Salus Thomas D. 4

Research Summary

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Lifecore (LFCR) Chief Legal & Administration Thomas D. Salus Withholds 24,645 Shares

What Happened
Thomas D. Salus, Lifecore Biomedical's Chief Legal & Administration, had 24,645 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of RSUs. The withholding occurred on 2026-04-14 at $5.20 per share, totaling $128,154. This was a tax-withholding disposition (not an open-market sale).

Key Details

  • Transaction date: 2026-04-14; filing date (Form 4): 2026-04-16 (timely within the usual two-business-day window).
  • Instrument/transaction code: F (payment of exercise price or tax liability) — shares were disposed/withheld.
  • Count and price: 24,645 shares withheld at $5.20 each; total value ≈ $128,154.
  • Footnote: F1 — shares withheld by the issuer to satisfy tax withholding for RSU vesting/settlement.
  • Shares owned after transaction: Not specified in the provided filing data.

Context
This was a routine cashless tax-withholding action associated with RSU vesting: the company retained (disposed of) a portion of vested shares to pay taxes on behalf of the insider. Such withholdings are administrative and do not necessarily indicate intent to sell additional shares in the market.