Tiah Norton Reppas, Chief Accounting Officer of DarkHorse Technologies Inc. (NASDAQ:DRK), filed a Form 4 on September 23, 2026, disclosing two common stock transactions tied to the settlement of vested restricted stock units on September 21, 2026.

Key Highlights

  • RSU settlement: 6,250 shares of common stock were acquired on September 21, 2026, at a price of $0, via transaction code M (conversion of derivative security).
  • Tax withholding disposition: 1,941 shares were disposed of on September 21, 2026, at $2.98 per share, via transaction code F.
  • Resulting ownership: Following both transactions, the reporting person directly holds 82,545 shares of common stock.
  • Vesting note: The 6,250 RSUs vested on September 1, 2026, but shares were not settled and delivered until September 21, 2026, according to the filing.
  • Remaining RSUs: The reporting person retains 27,500 RSUs, covering two awards with quarterly vesting schedules running from December 1, 2026 through December 1, 2027.

RSU Settlement and Share Withholding at DarkHorse Technologies

According to the filing, Tiah Norton Reppas, serving as Chief Accounting Officer of DarkHorse Technologies Inc., reported two transactions on September 21, 2026. The first was the acquisition of 6,250 shares of common stock at $0, reflecting the settlement of RSUs that had vested on September 1, 2026. The filing notes that "the shares underlying the vested RSUs were not settled and delivered to the Reporting Person until September 21, 2026."

The second transaction involved the disposal of 1,941 shares at $2.98 per share under transaction code F, which the filing structure associates with shares withheld for tax purposes. After these two transactions, the reporting person directly owned 82,545 shares of common stock, the filing stated.

Regarding remaining derivative securities, the filing disclosed 27,500 RSUs still held directly. These cover two separate awards: one for 2,500 shares, of which 1,250 shares vest quarterly on December 1, 2026, and March 1, 2027; and a second for 25,000 shares, of which 5,000 shares vest quarterly from December 1, 2026, through December 1, 2027. The filing also noted that each RSU "represents a contingent right to receive one share of Sphere 3D Corp. common stock."

What Was Disclosed

The Form 4 reports the settlement of 6,250 vested RSUs into common stock, the withholding-related disposal of 1,941 shares at $2.98, and a resulting direct holding of 82,545 shares, along with 27,500 remaining RSUs for DarkHorse Technologies' Chief Accounting Officer.