Francisco Velasco, Executive Vice President, Chief Legal Officer and Chief Risk and Compliance Officer of PriceSmart Inc, filed a Form 4 on October 26, 2026, reporting the withholding of 6,920 shares of common stock to satisfy tax obligations upon the vesting of restricted stock.

Key Highlights

  • Transaction type: 6,920 shares of Common Stock, $0.0001 par value per share, were disposed of (Code F) on October 26, 2026, to cover tax withholding upon restricted stock vesting.
  • Price per share: The withholding was executed at $170.95 per share, according to the filing.
  • Remaining direct holdings: Following the transaction, Velasco directly holds 76,010 shares of common stock.
  • Indirect holdings: Velasco also holds 389 shares indirectly through his spouse, as disclosed in the filing.
  • Role: The reporting person is identified as EVP - CLO, CRCO of PriceSmart Inc (NASDAQ:PSMT).

PriceSmart EVP Velasco Reports Restricted Stock Vesting and Tax Withholding on October 26, 2026

According to the Form 4 filed with the SEC, Francisco Velasco, serving as Executive Vice President, Chief Legal Officer, and Chief Risk and Compliance Officer at PriceSmart Inc, reported a single non-derivative securities transaction dated October 26, 2026. The transaction involved the disposition of 6,920 shares of PriceSmart common stock (par value $0.0001 per share) at a price of $170.95 per share. The filing explains that this disposal represents "the withholding of restricted stock to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock."

Following the reported transaction, Velasco directly owns 76,010 shares of PriceSmart common stock. The filing additionally discloses that 389 shares are held indirectly by Velasco through his spouse. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was filed by one reporting person and was signed by Gualberto Hernandez on October 26, 2026, on behalf of Velasco. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) trading plan, as the corresponding checkbox was not selected.

What Was Disclosed

PriceSmart EVP Francisco Velasco disclosed the withholding of 6,920 shares at $170.95 per share on October 26, 2026, to cover taxes upon restricted stock vesting, leaving him with 76,010 shares held directly and 389 shares held indirectly through his spouse.