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Vistance (NASDAQ: VISN) CEO gets 407K RSUs, 647K shares withheld

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

Rhea-AI Filing Summary

Vistance Networks, Inc. President and CEO Charles L. Treadway reported routine equity compensation activity. He received an award of 407,500 restricted stock units for Common Stock at a zero dollar price, increasing his directly held and reported Common Stock position to 6,553,580 shares.

On the same date, 647,157 Common Stock shares were disposed of through a tax-withholding transaction at $12.27 per share to cover taxes due upon vesting of restricted stock units and performance share units. The newly granted restricted stock units will vest ratably on June 1, 2027, June 1, 2028, and June 1, 2029, subject to his continued employment.

Positive

  • None.

Negative

  • None.
Insider Treadway Charles L.
Role President and CEO
Type Security Shares Price Value
Grant/Award Common Stock 407,500 $0.00 --
Tax Withholding Common Stock 647,157 $12.27 $7.94M
Holdings After Transaction: Common Stock — 6,553,580 shares (Direct, null)
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) 220,000 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 446,667 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 525,000 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. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Tax-withholding shares 647,157 shares at $12.27 Common Stock withheld to cover taxes on vesting awards on June 1, 2026
New RSU grant 407,500 restricted stock units Common Stock award granted at $0.00 per unit on June 1, 2026
Post-transaction holdings 6,553,580 shares Total directly held Common Stock after transactions
Prior RSU grant A 220,000 restricted stock units Granted March 1, 2024, vesting June 1, 2027, subject to continued employment
Prior RSU grant B 446,667 restricted stock units Granted June 1, 2024, vesting June 1, 2027, subject to continued employment
Prior RSU grant C 525,000 restricted stock units Granted March 1, 2025, vesting in 2027 and 2028, subject to employment
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.
performance share units financial
"Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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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*
Treadway Charles L.
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
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 Stock06/01/2026A407,500(1)A$06,553,580(2)D
Common Stock06/01/2026F647,157(3)D$12.275,906,423(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) 220,000 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 446,667 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 525,000 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.
3. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
/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

FAQ

What did Vistance Networks (VISN) CEO Charles Treadway report in this Form 4?

Charles Treadway reported a new equity award and a tax-related share disposition. He received 407,500 restricted stock units and had 647,157 shares withheld to cover taxes from vesting awards, ending with 6,553,580 directly held Common Stock shares reported.

How many shares were withheld for taxes in the Vistance (VISN) CEO Form 4?

The Form 4 shows 647,157 Common Stock shares were disposed of for tax withholding. These shares covered taxes triggered by vesting of restricted stock units and performance share units, rather than an open-market sale, and are categorized as a tax-withholding disposition.

What equity award did the Vistance (VISN) CEO receive according to the Form 4?

The CEO received 407,500 restricted stock units for Common Stock at a price of $0.00. According to the footnotes, these units will vest ratably on June 1, 2027, June 1, 2028, and June 1, 2029, conditioned on his continued employment with Vistance Networks.

What are Charles Treadway’s reported holdings after these Vistance (VISN) transactions?

After the reported transactions, Charles Treadway’s total directly held Common Stock position is 6,553,580 shares. This figure incorporates the grant of 407,500 restricted stock units and the withholding of 647,157 shares for taxes associated with vesting equity awards.

How do vesting schedules factor into the Vistance (VISN) CEO’s new award?

The 407,500 restricted stock units granted to the CEO will vest in three equal annual installments. Vesting occurs on June 1 of 2027, 2028, and 2029, and each installment is subject to his continued employment, aligning compensation with long-term service.