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Vistance Networks, Inc. (NASDAQ: COMM) CEO gets 407,500-share grant

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Vistance Networks, Inc. President and CEO Charles L. Treadway received a grant of 407,500 shares of common stock on June 1, 2026 and had 647,157 shares withheld at $12.27 per share to cover taxes upon vesting of stock awards. After these transactions he directly holds 5,906,423 common shares.

Positive

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Negative

  • None.
Insider Treadway Charles L.
Role President and CEO
Type Security Shares Price Value
Grant/Award Common Stock 407,500 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 647,157 $12.27 $7.94M
Holdings After Transaction: Common Stock — 5,906,423 shares (Direct)
Footnotes (3)
  1. F1. 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. F2. 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. F3. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Equity grant 407,500 shares Common stock granted to CEO on June 1, 2026
Tax-withheld shares 647,157 shares Shares withheld to cover taxes upon vesting of stock units
Tax-withholding price $12.27 per share Price applied to tax-withheld shares on June 1, 2026
Post-transaction holdings 5,906,423 shares Direct common stock held by CEO after reported transactions
RSUs granted 03/01/2024 220,000 units Restricted stock units vesting on June 1, 2027
RSUs granted 06/01/2024 446,667 units Restricted stock units vesting on June 1, 2027
RSUs granted 03/01/2025 525,000 units Restricted stock units vesting ratably on June 1, 2027 and June 1, 2028
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
"transaction_action": "tax-withholding disposition""
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.
vesting financial
"were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What equity award did Vistance Networks (COMM) grant its CEO?

Charles L. Treadway received a grant of 407,500 shares of common stock on June 1, 2026. The filing also notes restricted stock units scheduled to vest ratably in 2027, 2028 and 2029, contingent on his continued employment with Vistance Networks, Inc.

How many Vistance Networks (COMM) shares were withheld for CEO taxes?

On June 1, 2026, 647,157 shares of common stock were withheld at $12.27 per share to cover taxes incurred upon the vesting of restricted stock units and performance share units, as described in the filing’s tax-related footnote.

How many Vistance Networks (COMM) shares does CEO Treadway hold after these transactions?

Following the reported grant and tax-withholding disposition, Charles L. Treadway directly holds 5,906,423 shares of common stock in Vistance Networks, Inc., according to the post-transaction holdings information included with the Form 4 data.

What restricted stock unit vesting schedules does Vistance Networks (COMM) disclose?

The filing notes 220,000 RSUs vesting on June 1, 2027, 446,667 RSUs vesting on June 1, 2027, and 525,000 RSUs vesting ratably on June 1, 2027 and June 1, 2028, each subject to CEO Charles L. Treadway’s continued employment with the company.

Were Vistance Networks (COMM) CEO transactions made under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is explicitly unchecked, and no footnote describes a trading plan. This suggests the reported grant and tax-withholding disposition were not affirmed as occurring under a pre-arranged Rule 10b5-1 trading plan.
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)