03/17/2026 | Press release | Distributed by Public on 03/17/2026 15:47
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 03/13/2026 | M | 11,455 | (1) | (1) | Common Stock | 11,455 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (3) | 03/13/2026 | M | 12,556 | (3) | (3) | Common Stock | 12,556 | $ 0 | 25,110 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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KANDERS WARREN B C/O KANDERS & COMPANY, INC. 250 ROYAL PALM WAY, SUITE 201 PALM BEACH, FL 33480 |
X | X | CEO AND CHAIRMAN | |
| /s/ Warren B. Kanders | 03/17/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Comprised of a restricted stock units award (the "2023 Restricted Stock Award") granted on March 13, 2023, under the Issuer's 2021 Stock Incentive Plan (the "Plan") covering 34,363 shares of Common Stock. Of those shares, 11,453 shares vested and became non-forfeitable on March 13, 2024, and 11,455 shares vested and became non-forfeitable on each of March 13, 2025, and March 13, 2026. |
| (2) | Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Kanders as a result of the vesting, on March 13, 2026, of a portion of the 2023 Restricted Stock Award. |
| (3) | Comprised of a restricted stock units award granted on March 13, 2025 (the "2025 Restricted Stock Award"), under the Plan, covering 37,666 shares of Common Stock. Of those shares, 12,556 shares vested and became non-forfeitable on March 13, 2026, and 12,555 shares will vest and become non-forfeitable on each of March 13, 2027 and March 13, 2028. |
| (4) | Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Kanders as a result of the vesting, on March 13, 2026, of a portion of the 2025 Restricted Stock Award. |
| (5) | The Reporting Person is the sole manager and member of Kanders SAF, LLC. |
| (6) | Allison Kanders is the Reporting Person's spouse. |
| (7) | The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities. |