Stanham Nicholas 4

What Happened

• Director Nicholas Stanham was granted 6,623 restricted stock units (RSUs) on 2026-03-30. The reported acquisition price is $0.00 (award), reported value $0 on the Form 4 (code A — award/grant).
• This was an equity compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-30; 6,623 RSUs @ $0.00 (award).
• Shares owned after transaction: Not specified in this filing.
• Footnote: The RSUs represent shares of common stock and will vest ratably on May 15, 2026; August 15, 2026; November 16, 2026; and March 31, 2027 (see F1).
• Filing timeliness: Form filed 2026-04-01 for a 2026-03-30 grant — appears to be a timely filing; no late filing indicated.

Context

• RSUs are a form of compensation that convert into company shares only as they vest; they are not an immediate buy/sell signal. Vesting schedule determines when Stanham will receive actual shares.
• Awards to directors are common as long-term incentive compensation and do not necessarily indicate personal buying or selling intent.