ELLIS ADAM CHRISTOPHER 4

What Happened

• Adam C. Ellis, President International of Zumiez (ZUMZ), had a grant of 7,507 restricted stock units (RSUs) convert into common stock on March 18, 2026. Of those vested shares, 1,828 were withheld by Zumiez to pay the tax liability at $21.17 per share (tax withholding value ≈ $38,699). The net shares delivered to Ellis after withholding were 5,679 (7,507 vested − 1,828 withheld). This was an award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-19 (timely).
• RSU conversion/derivative exercise: 7,507 shares vested (converted 1-for-1 to common stock).
• Tax withholding: 1,828 shares withheld at $21.17/share = $38,699 (share-for-tax withholding, code F).
• Net shares received: 5,679 shares (7,507 − 1,828).
• Footnotes: F1 = RSUs convert one-for-one to common stock; F2 = shares withheld by Zumiez to pay taxes; F3 = the RSU grant vests over three years.
• Filing timeliness: Not reported late (period of report 3/18/2026; filing 3/19/2026).

Context

• This was a vesting/award event (not an open-market sale). The withholding of shares to cover taxes is a standard "sell-to-cover" style settlement and does not indicate an open-market disposition that would signal a change in conviction. The filing does not state total shares owned by Ellis after the transaction in the provided excerpt.