Hanson Bryan Michael 4

What Happened

• Bryan Michael Hanson, EVP Global Portfolio Management & Marketing at QuidelOrtho (QDEL), had 5,797 restricted stock units (RSUs) vest on July 1, 2026. Those RSUs converted into 5,797 common shares.
• To satisfy tax withholding, the issuer withheld 2,096 of those shares (treated as a disposition) at an implied price of $18.18 per share, totaling about $38,105. Net newly issued shares to Hanson: 3,701.
• This was a release of previously granted RSUs (not an open‑market sale or a buy) — routine compensation-related vesting.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely).
• Actions reported: conversion/exercise of derivative (code M) — 5,797 RSUs → 5,797 shares; tax withholding (code F) — 2,096 shares withheld at $18.18 (≈ $38,105).
• Net new shares received by insider: 3,701 (5,797 vested − 2,096 withheld).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: RSUs were previously reported on a Form 3; each RSU = 1 share. Vesting schedule: 5,797 vested 7/1/2026, 5,797 will vest 7/1/2027, and 5,798 will vest 7/1/2028.
• Filing does not indicate any 10b5-1 plan or other trading arrangement.

Context

• This is a routine compensation event (RSU vesting) with company withholding shares to cover taxes — common and not necessarily a signal of insider sentiment.
• For clarity: code M here reflects conversion/exercise of a derivative right (RSU → share) and code F reflects shares surrendered/withheld to satisfy tax obligations.