Form 4: Anteris COO Converts RSUs, Sells Shares for Tax

Anteris Technologies Global Corp.'s Chief Operating Officer, David St Denis, converted restricted stock units into common stock and subsequently sold a portion to cover tax obligations.

Summary

• David St Denis, Director and Chief Operating Officer of Anteris Technologies Global Corp. (AVR), reported transactions on December 16, 2025.
• He acquired 166,666 shares of common stock through the conversion of restricted stock units (RSUs).
• Concurrently, he disposed of 65,584 shares of common stock at a price of $4.95 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, he directly beneficially owns 101,082 shares of common stock.
• He also directly beneficially owns 333,334 restricted stock units.
• The RSUs converted were part of a grant of 500,000 units on December 16, 2024, which vest in approximately equal installments over three years (2025, 2026, 2027), subject to his continued service.

Sentiment

Score: 6

Explanation: The filing reflects a standard executive compensation event where restricted stock units vested and were converted into common stock, with a portion sold for tax purposes. This indicates continued executive service and a routine transaction, neither significantly positive nor negative for the company's operational outlook.

Positives

• The conversion of restricted stock units indicates vesting and continued service of a key executive, David St Denis.
• The transaction is a routine part of executive compensation, reflecting the fulfillment of equity incentives.

Negatives

• The sale of 65,584 shares, even for tax purposes, reduces the executive's direct equity holding in the company.

Risks

• No specific risks beyond standard executive compensation and tax implications are mentioned in the filing.

Future Outlook

The vesting schedule for the remaining 333,334 restricted stock units indicates future equity grants will vest in approximately equal installments on December 16, 2026, and December 16, 2027, contingent on David St Denis's continued service.

Industry Context

This is a routine insider transaction related to executive compensation, common across all industries for publicly traded companies. It reflects the standard practice of executives receiving equity as part of their compensation package and selling a portion to cover tax liabilities upon vesting.

Stakeholder Impact

• Shareholders: Minor dilution from RSU conversion, offset by executive's continued equity interest. The sale for tax purposes is a routine event and not indicative of a lack of confidence.
• Employees: Reinforces the company's executive compensation structure, potentially impacting morale and retention strategies.

Next Steps

• Future vesting of remaining 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 and conversion of restricted stock units and a subsequent sale of shares to cover tax obligations. Such transactions are common for executives and do not typically signal a change in the company's fundamental outlook or performance. Therefore, the filing itself does not provide new information warranting a change in investment recommendation, suggesting a 'hold' position for existing investors.

Keywords

Anteris Technologies Global Corp, AVR, Form 4, Insider Trading, Restricted Stock Units, RSU Conversion, Executive Compensation, David St Denis, Director, Chief Operating Officer, Stock Sale, Tax Withholding