Wendt Gregory Westin 4

What Happened

• Director Wendt Gregory Westin reported a conversion/settlement of 7,575 derivative units (code M) on May 12, 2026 related to restricted stock units (RSUs). The filing shows 7,575 shares acquired (price N/A) and a corresponding disposition of 7,575 shares at $0.00 (no proceeds). This was a vesting/award event rather than an open-market purchase or sale.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely within the usual two-business-day window).
• Reported amounts: 7,575 RSUs converted/settled; disposal reported at $0.00 (no cash proceeds).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: (1) No shares of Class A common stock were transferred or sold upon vesting; (2) Each RSU equals a contingent right to one share; (3) RSUs were granted Oct 24, 2025 and became fully vested May 12, 2026.
• Transaction code: M = exercise or conversion of a derivative instrument.

Context

• This filing reflects an award/vesting event (RSUs becoming exercisable/convertible), not an open-market trade. The reported disposition at $0.00 does not indicate an open-market sale or cash received; footnotes state no shares were transferred or sold upon vesting. Vesting of RSUs is a routine compensation event and should not be interpreted as a buy or sell signal by itself.