BADER PAUL T 4

What Happened
Paul T. Bader, a director of Custom Truck One Source, converted/exercised 26,859 derivative units on March 31, 2026 (reported as acquired and also disposed on that date at $0.00). The filing shows no cash value for those entries. On April 1, 2026 he was granted 19,225 restricted stock units (RSUs) reported as acquired at $0.00; those RSUs vest on March 31, 2027 and have no expiration.

Key Details

• Transaction dates and prices:
  • 2026-03-31: Exercise/conversion (code M) of 26,859 derivative units — acquired and a corresponding disposition reported at $0.00.
  • 2026-04-01: Award/grant (code A) of 19,225 RSUs @ $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • Each RSU represents a contingent right to one share.
  • The 26,859 RSUs vested in full on March 31, 2026.
  • The 19,225 RSUs will vest on March 31, 2027 and have no expiration.
• Filing timeliness: Form 4 was filed 2026-04-02; no late filing is indicated in the supplied information.

Context

• These entries involve RSU vesting/conversion and a new RSU grant — not an open-market buy or traditional option exercise for cash. Dispositions reported at $0.00 commonly reflect conversion, withholding, or internal settlement rather than a market sale with cash proceeds.
• Grants and vesting are routine forms of director compensation; they are informative about compensation but do not alone signal a buy or sell recommendation.