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Vistance Networks (VISN) EVP-CFO gets 159K stock units at zero price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lorentzen Kyle David reported acquisition or exercise transactions in this Form 4 filing.

Vistance Networks EVP & CFO Kyle David Lorentzen received an equity grant of 159,000 shares of common stock in the form of restricted stock units. The grant was awarded at no cash cost and will vest in three equal installments on 06/01/2027, 06/01/2028, and 06/01/2029, subject to his continued employment.

After this award, Lorentzen is reported as holding a total of 2,214,307.465 shares, including previously granted restricted stock units. Earlier grants include 62,700 units vesting on 06/01/2027, 197,300 units vesting on 06/01/2027, and 204,734 units vesting ratably on 06/01/2027 and 06/01/2028.

Positive

  • None.

Negative

  • None.
Insider Lorentzen Kyle David
Role EVP & CFO
Type Security Shares Price Value
Grant/Award Common Stock 159,000 $0.00 --
Holdings After Transaction: Common Stock — 2,214,307.465 shares (Direct)
Footnotes (1)
  1. Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to the reporting person's continued employment with the issuer. As previously reported, includes (a) 62,700 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 197,300 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 204,734 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer.
Equity grant size 159,000 shares Restricted stock units granted to EVP & CFO on 06/01/2026
Post-transaction holdings 2,214,307.465 shares Total reported holdings following the grant
Prior RSU grant A 62,700 units Granted 03/01/2024; vests 06/01/2027
Prior RSU grant B 197,300 units Granted 06/01/2024; vests 06/01/2027
Prior RSU grant C 204,734 units Granted 03/01/2025; vests on 06/01/2027 and 06/01/2028
Grant price per share $0.0000 per share Indicates award was granted at no cash cost
restricted stock units financial
"Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest ratably financial
"will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to the reporting person's continued employment"
continued employment financial
"each subject to the reporting person's continued employment with the issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lorentzen Kyle David
(Last)(First)(Middle)
C/O VISTANCE NETWORKS, INC.
2601 TELECOM PARKWAY
(Street)
RICHARDSON TEXAS 75082
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Vistance Networks, Inc. [ VISN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A159,000(1)A$02,214,307.465(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to the reporting person's continued employment with the issuer.
2. As previously reported, includes (a) 62,700 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 197,300 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 204,734 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer.
/s/ Michael D. Coppin, Under a Power of Attorney06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR