STEMM DARYL 4

What Happened
CFO Daryl Stemm had 64,935 restricted stock units (RSUs) convert to 64,935 shares on January 22, 2026. To satisfy tax withholding, 30,617 of those shares were surrendered at $1.72 per share for a withholding value of $52,661, leaving a net delivery of 34,318 shares. The RSUs converted at an exercise/conversion price of $0.00 (i.e., no cash paid to exercise).

Key Details

• Transaction date: 2026-01-22.
• RSU conversion: 64,935 shares acquired (conversion of derivative; reported as code M).
• Tax withholding: 30,617 shares withheld/disposed at $1.72 each = $52,661 (reported as code F).
• Net shares delivered to insider: 34,318 (64,935 acquired − 30,617 withheld).
• Footnotes: F1 — each RSU equals one share; F2 — one-fourth of the award vested on Jan 22, 2026, with the remainder vesting in equal annual installments.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: reported on 2026-01-22 for the 2026-01-22 transaction (filed same day).

Context
This was a vesting/conversion of RSUs (not an open-market purchase or voluntary sale). The withholding of shares to cover tax obligations (code F) is routine and common for vested awards; the conversion/extinguishment of the derivative award is shown via the exercise/conversion reporting (code M).