Lee-Smith Christopher 4

What Happened

• Christopher Lee‑Smith (Co‑Founder, Head of Distribution, Director) was granted 128,644 restricted stock units (RSUs) on March 18, 2026. The Form 4 reports the acquisition as an award (transaction code A) at a reported price of $0.00 (typical for RSU grants); total reported acquisition value is $0.
• This is a compensation award (not an open‑market purchase or sale) and does not by itself indicate a buy or sell signal.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (filed within the typical two‑business‑day Form 4 window — timely).
• Transaction type/code: Award/Grant (A); reported price: $0.00.
• Shares reported acquired: 128,644 RSUs. Shares owned after the transaction: not specified in the provided filing summary.
• Footnote (vesting): 25% of the RSUs vest on the one‑year anniversary of the grant date, then 6.25% vest on the first day of each of the 12 calendar quarters following that anniversary (i.e., the remaining 75% vests quarterly over the next three years).

Context

• RSUs are compensation awards that convert to shares only as they vest; they differ from open‑market purchases and are routine for executive/director pay.
• Because this was an award, it reflects compensation arrangements rather than an insider buying or selling stock; no cash value or sale was reported in this Form 4.