Gautam Rajeev 4

What Happened

• Director Gautam Rajeev reported derivative and award activity on May 22, 2026. The filing shows: conversion/exercise of 1,785 derivative shares (acquired), conversion/exercise disposition of 1,786 derivative shares at $0.00, and an award/grant of 1,889 derivative shares at $0.00. Net change from these transactions is an increase of 1,888 shares (3,674 acquired less 1,786 disposed). No cash proceeds are reported from the disposed shares.

Key Details

• Transaction dates and prices:
  • 2026-05-22: Exercise/conversion (Code M) — 1,785 shares acquired (price N/A).
  • 2026-05-22: Exercise/conversion (Code M) — 1,786 shares disposed at $0.00 (no cash received).
  • 2026-05-22: Grant/award (Code A) — 1,889 RSU shares acquired at $0.00.
• Net shares acquired: +1,888 shares.
• Footnotes of note:
  • F2: RSUs represent a contingent right to one share each.
  • F4: The RSUs vested on May 22, 2026.
  • F1: Fractional shares were settled in cash.
  • F3: 0.222 shares were acquired via dividend reinvestment.
  • F5: (Applies to some RSUs) future vesting tied to first anniversary or next annual meeting.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Transactions occurred May 22; Form 4 filed May 27. This is five days after the transaction date and may be later than the usual two-business-day Form 4 deadline.

Context

• The filings are derivative/RSU-related: "M" indicates exercise/conversion of a derivative and "A" an award/grant. Disposing shares at $0.00 typically means shares were not sold for cash — a common outcome when shares are withheld or surrendered to satisfy tax withholding or to settle fractional amounts. This activity reflects compensation/award settlement rather than an open-market buy or sale, so it should not be read as a direct buy/sell investment signal.