SVRN, Inc. Chief Operating Officer David L. Schwed filed a Form 4 on November 2, 2026, reporting two tax-withholding disposals of common stock tied to the vesting of a restricted stock award.

Key Highlights

  • First disposal: 6,798 shares of common stock were withheld on September 22, 2026, at $33.93 per share to cover tax obligations.
  • Second disposal: 423 shares were withheld on October 22, 2026, at $35.33 per share for the same purpose.
  • Beneficial ownership after transactions: Schwed directly held 47,589 shares of common stock following the October 22, 2026 transaction, according to the filing.
  • Underlying grant: The filing states Schwed was granted 54,810 shares of restricted common stock, with 25% vesting on September 22, 2026, and the balance vesting monthly through December 2026.
  • Transaction code: Both disposals were recorded under transaction code F, indicating shares withheld for taxes upon vesting.
  • Role: Schwed is identified in the filing as Chief Operating Officer of SVRN, Inc., trading on NASDAQ:SVRN.

COO Share Withholdings at SVRN Tied to Restricted Stock Vesting Schedule

According to the filing, both disposals of common stock by David L. Schwed were made pursuant to a tax-withholding mechanism, not open-market sales. The filing states that the shares were "withheld by the Issuer to satisfy employee tax withholding obligations in connection with the vesting and settlement of the common shares." SVRN, Inc. is the issuer, listed on NASDAQ under the symbol SVRN.

The underlying restricted stock grant, as disclosed in the filing's explanation of responses, covered 54,810 shares of restricted common stock. The grant structure called for 25% to vest on September 22, 2026, with the remaining shares vesting in equal monthly installments through December 2026, subject to continued service. The September 22 vesting event triggered the withholding of 6,798 shares at $33.93, leaving Schwed with a directly held position of 48,012 shares at that point. Following the October 22, 2026 withholding of 423 shares at $35.33, his directly held position stood at 47,589 shares.

The filing was signed by David L. Schwed and dated November 2, 2026. No derivative securities transactions were reported in Table II. All ownership reported in the filing is direct.

What Was Disclosed

David L. Schwed, Chief Operating Officer of SVRN, Inc. (NASDAQ:SVRN), reported two share-withholding transactions on September 22 and October 22, 2026, totaling 7,221 shares disposed of at prices of $33.93 and $35.33, respectively, to satisfy tax obligations on a vesting restricted stock award.