Larson John P. 4

What Happened

• John P. Larson, President, CEO and Director of Solo Brands (SBDS), had 11,201 restricted stock units (RSUs) vest and convert into shares on March 23, 2026. The RSU conversion is reported as a derivative exercise (code M) at $0.00 per share.
• To satisfy tax withholding (code F), 3,420 of the newly issued shares were withheld at an implied value of $4.04 per share, totaling approximately $13,817. Net shares added to Larson’s holding from this settlement were 7,781 shares (11,201 issued − 3,420 withheld).

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026.
• Actions reported: M = exercise/conversion of RSUs (11,201 shares issued at $0.00); F = shares withheld for tax (3,420 shares @ $4.04, $13,817).
• Net increase from the settlement: 7,781 shares.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1–Each RSU converts to one share of Class A common stock. F2–Withheld shares cover tax obligations. F3–11,201 RSUs vested and settled on March 23, 2026; remaining RSUs vest in roughly equal quarterly installments, fully vesting on the third anniversary of June 23, 2025 (i.e., June 23, 2028), subject to continued service.
• Filing appears timely (transaction on 3/23/2026; Form filed 3/25/2026).

Context

• This was not an open-market sale or purchase: it was the scheduled vesting and settlement of RSUs. The withholding of shares to cover taxes is a routine administrative step and does not imply a market sale by the insider.
• Code notes: M indicates conversion/exercise of a derivative (here, RSUs converting to shares); F indicates shares withheld to satisfy tax withholding.