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Vistance Networks (VISN) director granted 2,365 performance share units

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

Rhea-AI Filing Summary

Vistance Networks, Inc. director Watts Claudius E. IV reported an equity award tied to prior performance share grants. On 02/24/2026, he acquired 2,365 additional performance share units of common stock at a price of $0.00 per share as a grant/award, not an open-market purchase.

These additional units were earned based on the company’s satisfaction of performance criteria for a period that ended on 12/31/2025 and are scheduled to vest on 06/01/2026, subject to his continued employment. Following this grant, he holds 1,463,475 shares and units directly, and 10,000 shares are held indirectly through the Watts Family Foundation.

Positive

  • None.

Negative

  • None.
Insider Watts Claudius E. IV
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 2,365 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,463,475 shares (Direct); Common Stock — 10,000 shares (Indirect, Watts Family Foundation)
Footnotes (1)
  1. On 03/01/2023, the reporting person was granted 55,000 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. On 01/08/2026, the Compensation Committee determined that 68,255 performance share units were earned based upon actual performance, which performance period ended on 12/31/2025. On 02/24/2026, the Compensation Committee determined that 2,365 additional performance share units were earned based upon actual performance, and such additional performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer. As previously reported, includes (a) 18,334 restricted stock units that were granted on 03/01/2023 and will vest on 06/01/2026; (b) 20,667 restricted stock units that were granted on 06/01/2023 and will vest on 06/01/2026; (c) 57,200 restricted stock units that were granted on 03/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (d) 116,134 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (e) 102,400 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2026, 06/01/2027 and 06/01/2028; and (f) 209,921 performance share units that were earned on 01/08/2026 and will vest on 06/01/2026; each subject to the reporting person's continued employment with the issuer.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Watts Claudius E. IV
(Last) (First) (Middle)
C/O VISTANCE NETWORKS, INC.
2601 TELECOM PARKWAY
(Street)
RICHARDSON TX 75082
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Vistance Networks, Inc. [ VISN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 A 2,365 A(1) $0 1,463,475(2) D
Common Stock 10,000 I Watts Family Foundation
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On 03/01/2023, the reporting person was granted 55,000 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. On 01/08/2026, the Compensation Committee determined that 68,255 performance share units were earned based upon actual performance, which performance period ended on 12/31/2025. On 02/24/2026, the Compensation Committee determined that 2,365 additional performance share units were earned based upon actual performance, and such additional performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer.
2. As previously reported, includes (a) 18,334 restricted stock units that were granted on 03/01/2023 and will vest on 06/01/2026; (b) 20,667 restricted stock units that were granted on 06/01/2023 and will vest on 06/01/2026; (c) 57,200 restricted stock units that were granted on 03/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (d) 116,134 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (e) 102,400 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2026, 06/01/2027 and 06/01/2028; and (f) 209,921 performance share units that were earned on 01/08/2026 and will vest on 06/01/2026; each subject to the reporting person's continued employment with the issuer.
/s/ Michael D. Coppin, Under a Power of Attorney 02/26/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Vistance Networks (VISN) report for Watts Claudius E. IV?

Vistance Networks reported that director Watts Claudius E. IV received an equity grant of 2,365 additional performance share units on 02/24/2026. The award reflects performance achieved for a period ending 12/31/2025 and was priced at $0.00 per share as compensation.

How many performance share units did the Vistance Networks director receive in this Form 4?

The director was credited with 2,365 additional performance share units of common stock. These units were earned based on actual performance against preset criteria and will vest on 06/01/2026, assuming he remains employed with Vistance Networks through that vesting date.

Were any cash purchases or sales made in the Vistance Networks (VISN) Form 4 filing?

No cash purchases or sales were reported. The 2,365 common stock performance share units were acquired at a price of $0.00 per share as a grant. This reflects stock-based compensation rather than an open-market buy or sell transaction by the director.

When will the newly earned Vistance Networks performance share units vest?

The 2,365 additional performance share units are scheduled to vest on 06/01/2026. Vesting is conditioned on the director’s continued employment with Vistance Networks, following the Compensation Committee’s determination that performance targets for the period through 12/31/2025 were achieved.

How many Vistance Networks shares and units does the director own after this grant?

After the grant, the director’s direct holdings total 1,463,475 shares and units of Vistance common stock. In addition, 10,000 shares are held indirectly through the Watts Family Foundation, reflecting both direct and indirect beneficial ownership positions reported in the filing.

What other restricted and performance share awards are outstanding for the Vistance Networks director?

Outstanding awards include multiple restricted stock unit grants from 2023–2025 and 209,921 performance share units earned on 01/08/2026, with various tranches scheduled to vest on 06/01/2026, 06/01/2027, and 06/01/2028, all subject to continued employment conditions.