Churchill David Lawrence 4

What Happened

• Churchill David Lawrence (Chief Technology Officer and Director) sold a total of 19,019 BETA shares in open-market/private-sale transactions on 2026-05-07. The Form 4 reports a weighted average price of $18.12, with proceeds of approximately $344,655 (18,981 shares for $343,966 and 38 shares for $689).
• This was a sale (S) and — per the filing — a mandatory sale to cover tax liability arising from the settlement of performance-based restricted stock units, rather than an opportunistic open-market investment decision.

Key Details

• Transaction date: 2026-05-07. Form 4 filed: 2026-05-11 (appears filed 4 days after the trades; may be late under the 2-business-day rule).
• Reported weighted average price: $18.12. Actual sale prices ranged from $17.61 to $19.6099 (footnote indicates multiple trades; reporting person can provide the per-price breakdown on request).
• Shares sold: 18,981 and 38 (total 19,019). Total proceeds reported: ~$344,655.
• Reason: Footnote F1 — mandatory sale to cover taxes on settlement of performance-based RSUs (tax withholding).
• Beneficial ownership disclaimer: Footnote F3 disclaims beneficial ownership except to the extent of pecuniary interest.
• Shares owned after the transaction: not reported on the information provided in this summary.

Context

• Tax-withholding sales tied to RSU settlements are common and typically routine (do not necessarily signal insider sentiment). Retail investors often pay more attention to outright purchases, new grants, or unusual sales by multiple insiders.
• The filing notes the sales were executed across multiple prices (weighted average reported); the filer offers to provide exact per-price breakdown if requested.