Sitko Bradley 4

What Happened

• Bradley Sitko, Chief Investment Officer of XOMA Royalty Corp (XOMA), received stock awards on March 11, 2026. The Form 4 reports three award transactions totaling 104,251 units: 30,000 RSUs (F1), 29,402 RSUs (F2), and 44,849 PSUs (derivative, F3). All awards are reported at $0.00 per unit (no cash purchase).
• These are grants/awards (not open-market purchases or sales). RSUs represent the right to receive common stock at vesting; PSUs are performance-based and only convert to shares if specified stock-price or performance targets are met.

Key Details

• Transaction date: 2026-03-11; Form filed: 2026-03-13 (timely filing under the 2-business-day rule).
• Reported price: $0.00 per unit; total reported acquisition value = $0 (award/grant).
• Units granted: 30,000 RSUs (F1), 29,402 RSUs (F2), 44,849 PSUs (F3); total = 104,251.
• Vesting notes:
  • F1: 30,000 RSUs vest in full on March 11, 2031, subject to continued service.
  • F2: 29,402 RSUs vest 25% on each of the first four anniversaries beginning March 11, 2026, subject to continued service.
  • F3: 44,849 PSUs each convert to one share only if specified share-price/performance targets are met and subject to continued service.
• Shares owned after the transaction were not specified in the supplied summary of the Form 4.

Context

• RSU grants are common compensation tools and represent future stock delivery if vesting conditions are met; they do not require the insider to pay cash now. PSUs are contingent on performance, so they may never convert to shares if targets aren’t met.
• Because these are awards (not sales), they do not by themselves signal immediate buying or selling intent. Retail investors should view them as part of executive compensation and consider company performance and the specific PSU targets when assessing potential impact.