Form 4: Anteris CEO Wayne Paterson Exercises RSUs, Sells Shares

Anteris Technologies Global Corp. CEO Wayne Paterson converted 333,333 restricted stock units into common stock and disposed of 163,213 shares for tax purposes.

Summary

• Wayne Paterson, CEO and Director of Anteris Technologies Global Corp. (AVR), reported transactions on December 16, 2025.
• Paterson acquired 333,333 shares of common stock through the conversion of restricted stock units (RSUs). Each RSU converts into one share of common stock.
• Concurrently, Paterson disposed of 163,213 shares of common stock at a price of $4.95 per share. This disposition is typically for tax withholding related to RSU vesting.
• Following these transactions, Paterson indirectly holds 182,727 shares of common stock through Citibank, N.A. London as custodian.
• Paterson directly holds 20,334 shares of common stock.
• Paterson beneficially owns 666,667 restricted stock units directly.
• The reported transactions relate to a contingent grant of 1,000,000 restricted stock units on December 16, 2024, which vest in approximately equal installments on December 16, 2025, 2026, and 2027, subject to continued service.
• The restricted stock units were approved by stockholders on December 3, 2025.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While there's a sale of shares, it's for tax purposes related to RSU vesting, which is a positive for executive compensation and retention. It's a routine event and not indicative of a negative outlook from the insider.

Positives

• The vesting of 333,333 restricted stock units indicates the CEO's continued service and commitment to the company.
• The RSU grant and vesting schedule provide long-term incentive for the CEO, aligning his interests with shareholders.

Negatives

• The disposition of 163,213 shares of common stock, likely for tax purposes, reduces the CEO's direct and indirect beneficial ownership of common stock.

Risks

• Future vesting of the remaining 666,667 restricted stock units is contingent upon the CEO's continued service through December 16, 2026, and December 16, 2027.

Future Outlook

The CEO has 666,667 restricted stock units remaining, which are scheduled to vest in approximately equal installments on December 16, 2026, and December 16, 2027, provided he continues his service to the company.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the vesting and exercise of restricted stock units. Such transactions are common across industries as a component of executive incentive plans and do not inherently reflect broader industry trends or competitive positioning.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and insider ownership changes, which can influence investor confidence.
• Employees: Demonstrates the company's commitment to executive retention through long-term incentive plans.

Next Steps

• Future vesting of the remaining 666,667 restricted stock units on December 16, 2026, and December 16, 2027, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares for tax purposes. It does not provide new material information that would significantly alter the investment thesis for Anteris Technologies Global Corp. The transaction is an expected part of executive compensation and does not signal a change in the company's fundamentals or future prospects. Therefore, a 'hold' recommendation is appropriate as there's no strong buy or sell signal from this specific filing.

Keywords

Anteris Technologies Global Corp., AVR, Wayne Paterson, SEC Form 4, Restricted Stock Units, RSU vesting, insider transaction, common stock, CEO, stock compensation