Willard Stephen H 4

What Happened

• Stephen H. Willard, CEO of Longeveron Inc. (LGVN), was granted a total of 600,000 shares/RSUs in three awards on March 2, 2026 (three grants of 200,000 each).
• To cover tax obligations related to the initial hire award, 105,533 shares were withheld/disposed at $0.55 per share, generating proceeds of $57,515. These were withholding shares (routine tax-related disposition), not an open‑market sale.

Key Details

• Transaction date: March 2, 2026 (reported on Form 4 filed March 13, 2026; period of report 2026-03-02).
• Grants: three awards of 200,000 shares each (total 600,000). One award is Class A Common stock (initial hire award); others are time‑based RSUs, some subject to future vesting.
• Tax withholding: 105,533 shares withheld/disposed at $0.55 → $57,515 (code F: tax withholding).
• Shares owned after transaction: not disclosed in the filing.
• Relevant footnotes from the filing:
  • F1: initial hire award of Class A Common Stock.
  • F2: shares withheld to satisfy tax obligations for the initial hire award.
  • F3: award of time‑based vesting RSUs.
  • F4: includes RSUs subject to future vesting.
  • F5: any related option vests quarterly over four years beginning April 1, 2026.
• Filing timeliness: no late‑filing flag indicated in the report.

Context

• This filing reflects compensation (awards/RSUs) rather than an open‑market purchase or a discretionary sale; tax withholding of shares to cover payroll/tax is routine and does not necessarily indicate a view on the company’s stock.
• Some of the awards are subject to future vesting and an associated option (if any) vests over time, so the economic interest will increase gradually as vesting conditions are met.