SCHLENKER RICHARD L JR 4

What Happened

• Richard L. Schlenker Jr., CFO of Exponent Inc. (EXPO), had 7,630 vested restricted stock units (RSUs) convert into common stock on March 11, 2026. As part of the vesting/conversion, the company withheld 3,694 shares to satisfy tax withholding obligations at $70.03 per share (total withheld value $258,691). The net result was approximately 3,936 shares issued to Schlenker after withholding.
• This was a conversion/vesting of an award (not an open‑market purchase or voluntary sale). Withholding shares to cover taxes is a routine administrative step and not a directional buy signal.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely).
• Gross RSUs converted: 7,630 shares (1:1 conversion of RSUs granted 3/11/2022).
• Shares withheld for taxes: 3,694 shares at $70.03 each = $258,691.
• Net shares delivered to insider: ~3,936 shares (7,630 − 3,694).
• Footnotes: conversion of vested RSUs (F1); shares withheld to satisfy tax obligations (F3). No 10b5-1 plan or late filing indicated.
• Shares owned after the transaction are not reported in the provided excerpt.

Context

• This was effectively a vesting/conversion of an award with a cashless tax withholding (company took shares instead of cash to cover taxes). That’s common and does not necessarily indicate a view on the stock’s near‑term prospects.
• For retail investors, purchases can be more informative than routine conversions/withholdings; treat this filing as routine insider compensation processing rather than a buy/sell signal.