Hiten M. Patel, Chief Accounting Officer of Verra Mobility Corp (NASDAQ:VRRM), filed a Form 4 on August 11, 2026, disclosing restricted stock unit vestings and related share disposals that occurred on August 9, 2026.

Key Highlights

  • RSU vesting (two-year grant): 3,184 restricted stock units vested on August 9, 2026, acquired at $0, converting to Class A Common Stock.
  • RSU vesting (four-year grant): 1,006 restricted stock units vested on August 9, 2026, acquired at $0, converting to Class A Common Stock.
  • Shares withheld for taxes (first tranche): 1,347 shares of Class A Common Stock were disposed of at $4.90 per share on August 9, 2026.
  • Shares withheld for taxes (second tranche): 425 shares of Class A Common Stock were disposed of at $4.90 per share on August 9, 2026.
  • Resulting direct ownership: Following all transactions, Patel directly held 5,900 shares of Class A Common Stock and 2,013 restricted stock units.
  • Original grant date: Both RSU awards were granted on August 9, 2024, per the filing's explanation of responses.

Verra Mobility Chief Accounting Officer Discloses RSU Settlements and Tax Withholding

According to the filing, Hiten M. Patel, identified as Chief Accounting Officer of Verra Mobility Corp, reported four transactions in Class A Common Stock on August 9, 2026. The transactions involved the settlement of two separate restricted stock unit awards, each originally granted on August 9, 2024, and the withholding of shares to satisfy tax obligations associated with each vesting event.

The filing discloses that the first award consisted of restricted stock units vesting in two equal annual installments beginning August 9, 2025, subject to Patel's continued service with the issuer. On August 9, 2026, 3,184 units vested and were acquired at $0, after which 1,347 shares were disposed of at $4.90 per share under transaction code F, which typically denotes shares withheld for tax withholding purposes. The second award consisted of units vesting in four equal annual installments beginning August 9, 2025, also subject to continued service. On the same date, 1,006 units vested at $0, and 425 shares were disposed of at $4.90 per share under the same code. The filing states that "each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock."

Following all reported transactions, the filing indicates Patel directly owned 5,900 shares of Class A Common Stock and 2,013 restricted stock units. The Form 4 was signed by Hiten M. Patel and filed on August 11, 2026, as an individual filing by one reporting person.

What Was Disclosed

The filing reported the vesting of 4,190 total restricted stock units and the withholding of 1,772 shares of Class A Common Stock at $4.90 per share on August 9, 2026, leaving Patel with direct ownership of 5,900 shares and 2,013 remaining restricted stock units.