Director Sean James Magennis filed a Form 4 on October 28, 2026, disclosing the conversion of 10,000 restricted stock units into Class A shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) on October 26, 2026.

Key Highlights

  • Transaction date: October 26, 2026, with transaction code M (conversion of derivative security).
  • RSU conversion: 10,000 restricted stock units converted into 10,000 Class A shares on a one-for-one basis, at a price of $0.00 for the derivative security.
  • Acquisition price: The Class A shares were recorded at $1.55 per share upon conversion.
  • Post-transaction Class A holdings: Magennis directly owns 60,000 Class A shares following the transaction.
  • Remaining RSUs: Magennis holds 40,000 RSUs directly following the reported transaction.
  • Reporting person's role: Sean James Magennis is identified as a Director of MDB Capital Holdings, LLC.

Director Magennis RSU Conversion Details for MDB Capital Holdings

According to the filing, Sean James Magennis, a Director of MDB Capital Holdings, LLC, reported the conversion of 10,000 restricted stock units into 10,000 Class A shares on October 26, 2026. The filing notes that "restricted stock units convert into Class A shares on a one-for-one basis." The transaction was recorded under transaction code M, indicating the exercise or conversion of a derivative security.

The filing disclosed that the Class A shares acquired through the conversion were recorded at a price of $1.55 per share, while the price of the derivative security itself was listed as $0.00. Following the transaction, Magennis directly beneficially owns 60,000 Class A shares, according to the filing. The filing also reports that 40,000 RSUs remain directly held by Magennis after the conversion. Both the Class A share position and the remaining RSU position are held directly.

The Form 4 was signed by Sean Magennis and filed with the SEC on October 28, 2026. The filing covers a single reporting person and does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan.

What Was Disclosed

Director Sean James Magennis disclosed the conversion of 10,000 RSUs into 10,000 Class A shares of NASDAQ:MDBH on October 26, 2026, at $1.55 per share, leaving him with 60,000 Class A shares and 40,000 RSUs directly held.