Desai Samir 4

What Happened

• Samir Desai, EVP & Chief Digital & Technology Officer of Abercrombie & Fitch (ANF), had 11,754 restricted stock units (RSUs) convert to common shares on 2026-03-09. To cover tax withholding, 5,829 of those shares were surrendered (disposed) at an attributed price of $86.27 each, totaling $502,868. The remaining 5,925 shares were issued to him.
• This was a routine RSU vesting and tax-withholding transaction (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-03-09 (reported on Form 4 filed 2026-03-16).
• Conversion: 11,754 RSUs converted to 11,754 shares (code M, exercise/conversion of derivative).
• Tax withholding: 5,829 shares withheld/disposed to satisfy tax liability at $86.27/share = $502,868 (code F).
• Net shares received by insider: 11,754 − 5,829 = 5,925 shares.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1 — Each RSU represents a contingent right to one share. F2 — RSUs vest one‑third per year beginning on the first anniversary of the grant.
• Filing timeliness: Transaction occurred 2026-03-09 and Form 4 was filed 2026-03-16; this appears to be later than the usual 2-business-day reporting window.

Context

• This was an RSU vesting event with shares withheld to cover taxes (a common, routine disposition to the company), not an open-market sale. Such transactions typically reflect scheduled equity compensation vesting rather than an insider buying or selling shares in the market.