Francisco Velasco, Executive Vice President, Chief Legal Officer and Chief Risk and Compliance Officer of PriceSmart Inc, filed a Form 4 with the SEC on September 18, 2026, reporting the acquisition of restricted common stock on September 17, 2026.

Key Highlights

  • Reporting person: Francisco Velasco, EVP - CLO, CRCO at PriceSmart Inc (NASDAQ:PSMT)
  • Award date: Transaction dated September 17, 2026
  • Shares awarded: 2,943 shares of Common Stock, $0.0001 par value per share, acquired at $0 price via transaction code A
  • Vesting date: All 2,943 shares vest on October 26, 2031, subject to continued service through the vesting date
  • Direct beneficial ownership following transaction: 78,264 shares held directly
  • Indirect ownership: 389 shares held indirectly by spouse

PriceSmart Officer Reports Restricted Stock Grant With Five-Year Vest

According to the Form 4 filed on September 18, 2026, Francisco Velasco, who serves as Executive Vice President, Chief Legal Officer and Chief Risk and Compliance Officer of PriceSmart Inc (NASDAQ:PSMT), reported the award of 2,943 shares of Common Stock, $0.0001 par value per share. The filing indicates the transaction was coded "A" (acquired) at a price of $0, consistent with a restricted stock award rather than an open-market purchase.

The filing's footnote states: "Award of restricted stock subject to vesting. 2,943 shares vest on October 26, 2031, subject to continued service through vesting date." Following this transaction, Velasco directly beneficially owns 78,264 shares. The filing also discloses 389 shares held indirectly by his spouse.

The Form 4 was signed by Gualberto Hernandez on behalf of the reporting person and dated September 18, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

PriceSmart officer Francisco Velasco received a restricted stock award of 2,943 shares on September 17, 2026, at no cost, vesting October 26, 2031. His direct beneficial ownership stands at 78,264 shares following the transaction, per the filing.