Nobili Antoine 4

What Happened

• Antoine Nobili, President of NobelClad (a DMC Global business), had 904 restricted stock units (RSUs) vest and convert into 904 common shares on March 14, 2026. The Form 4 shows an acquisition of 904 shares at $0.00. The filing also reports a matching disposition of 904 derivative units at $0.00, with no cash proceeds disclosed. This reflects a vesting/conversion event rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (appears timely).
• Action: Conversion/settlement of RSUs (reported under derivative code M).
• Shares acquired: 904 at $0.00; Shares disposed (derivative): 904 at $0.00.
• Shares owned after transaction: Not provided in the supplied details.
• Footnotes: F1 — each RSU equals one share. F2 — 2,714 RSUs were granted on 3/14/2023; 1,810 vested on 3/14/2025 and the remaining 904 vested on 3/14/2026.
• No indication this was a market sale or a 10b5-1 plan; no cash proceeds or tax‑withholding mechanics shown in the provided data.

Context

• This filing documents a routine RSU vesting/conversion (a non‑cash event). When RSUs vest they convert into shares; the matching “disposed” derivative entry on the Form 4 likely reflects settlement/removal of the RSU instrument rather than an outright sale of shares in the market. Such vesting events are common executive compensation actions and do not by themselves signal buying or selling sentiment.