ELLIS ADAM CHRISTOPHER 4

What Happened Adam Christopher Ellis, President International of Zumiez (ZUMZ), had multiple equity transactions reported for March 16–17, 2026. On March 16 he was granted two awards of restricted stock units (RSUs) totaling 40,961 RSUs (13,812 and 27,149) at $0 that will vest over three years. On March 17 he converted/exercised 6,845 derivative units into common shares. To cover tax obligations, 1,695 shares were withheld at $21.51 per share, a withholding value of about $36,459.

Key Details

• Transaction dates: Grants reported 2026-03-16; conversions/exercises and tax withholding reported 2026-03-17; Form 4 filed 2026-03-18.
• Grants: 13,812 RSUs and 27,149 RSUs granted on 3/16 (total 40,961 RSUs); footnote indicates these RSUs vest over 3 years.
• Conversion/Exercise: 6,845 derivative units converted/exercised (reported as code M).
• Tax withholding (code F): 1,695 shares withheld at $21.51/share = ~$36,459 to satisfy tax liability.
• Footnotes: F1 notes RSUs convert one-for-one into common stock; F2 confirms shares were withheld to pay taxes; F3 indicates RSU grants vest over 3 years; F4 refers to option grants vesting over 4 years in equal annual installments.
• Shares owned after transaction: Not stated in the provided filing details.
• Filing timeliness: Form filed 2026-03-18 for 3/16–3/17 transactions (no late filing flag noted).

Context These transactions are mainly award-related and a conversion/exercise of derivatives rather than an open-market buy or sale. The 1,695-share disposition was a routine tax-withholding action (common for RSU/option settlements) rather than an open-market sale. The RSU grants will vest over time, and any future sales or dispositions would be reported separately.