ONeill Francis James 4

What Happened
ONeill Francis James (listed in the filing), acting as Co‑Founder and Chief Underwriting Officer, was granted 128,644 restricted stock units (RSUs) on 2026-03-18. The grant price was $0.00, so no cash was paid; the immediate reported value for acquisition is $0. This is an equity award (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the typical two-business-day window).
• Award: 128,644 shares granted as RSUs; acquisition price reported $0.00 (total reported $0).
• Vesting (per footnote): 25% vests on the one‑year anniversary of the grant date, then 6.25% vests on the first day of each of the next 12 calendar quarters.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote ID: F1 describes the RSU grant and vesting schedule. No 10b5‑1 plan, tax‑withholding sale, or late‑filing flag noted in the provided data.

Context
RSUs are deferred equity: they convert into shares only as they vest, so this award increases potential future ownership over time rather than representing an immediate market purchase. Awards like this are common as retention or incentive compensation and are not, by themselves, a directional buy/sell signal.