Snow Ryan Reid 4

What Happened
CFO Snow Ryan Reid received a grant of 197,778 Restricted Share Units (RSUs) on March 25, 2026. The grant is reported as an award/derivative acquisition (transaction code A) at $0.00 per unit on the Form 4 (no cash exchanged in the filing). The RSUs represent contingent rights to common stock that will convert on vesting rather than immediate share purchases or sales.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (filed within the standard two-business-day window).
• Award: 197,778 RSUs reported as acquired at $0.00 (derivative award) — Form 4 lists no cash value.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each RSU equals a contingent right to one common share. RSUs vest in full on March 1, 2029 and, upon vesting, will be settled in cash or shares at the issuer’s discretion.
• Transaction type: Grant/award (not a market purchase or sale) — does not represent an immediate open-market bullish or bearish trade.

Context
RSUs are long‑term compensation that only become actual shares (or cash equivalent) if and when they vest. Because settlement may be in cash or shares, the exact future dilution or dollar value is not fixed in this filing. Awards like this are common executive compensation and should be interpreted as future potential ownership rather than an immediate market transaction.