Director at Endava (NYSE: DAVA) gains shares as RSUs vest, sells portion for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Endava plc director Kathryn A. Hollister reported routine equity compensation activity involving Class A Ordinary Shares. On June 30, 2026, 1,300 restricted share units vested and were exercised into Class A Ordinary Shares, with each RSU convertible into one share.
To cover statutory tax withholding obligations on this vesting, 261 shares were sold in open-market transactions at a weighted average price of about $2.89 per share, with individual sale prices ranging from $2.87 to $2.89. After these transactions, Hollister directly owned 14,190 Class A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 261 shares ($754)
Net Sell
3 txns
Insider
Hollister Kathryn A
Role
null
Sold
261 shs ($754.29)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,300 | $0.00 | -- |
| Exercise | Class A Ordinary Shares | 1,300 | $0.00 | -- |
| Sale | Class A Ordinary Shares | 261 | $2.89 | $754.29 |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct, null);
Class A Ordinary Shares — 14,451 shares (Direct, null)
Footnotes (1)
- The Class A Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one ordinary share. Each restricted share unit ("RSU") represents a contingent right to receive one Issuer Class A Ordinary Share or, at the option of the Issuer, cash. Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted share units. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.87 to $2.89 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The RSUs vested on June 30, 2026.
Key Figures
Shares sold: 261 shares
Weighted average sale price: $2.89 per share
RSUs vested and exercised: 1,300 RSUs
+2 more
5 metrics
Shares sold
261 shares
Open-market sale to cover tax withholding
Weighted average sale price
$2.89 per share
Open-market sale range $2.87–$2.89
RSUs vested and exercised
1,300 RSUs
Converted into Class A Ordinary Shares
Shares owned after transactions
14,190 shares
Direct ownership following June 30, 2026 activity
Derivative positions remaining
0 RSUs
Restricted share units shown as fully vested/converted
Key Terms
Restricted share units, American Depositary Shares, statutory tax withholding obligations, weighted average price
4 terms
statutory tax withholding obligations financial
"Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted share units."
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.87 to $2.89 inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What did Endava (DAVA) director Kathryn Hollister report in this Form 4?
Kathryn Hollister reported RSU-based equity compensation activity. 1,300 restricted share units vested into Class A Ordinary Shares, and 261 of those shares were sold in open-market trades to cover statutory tax withholding obligations, leaving her with 14,190 shares held directly.
What do the vested RSUs mean for Kathryn Hollister’s Endava (DAVA) ownership?
Each restricted share unit represents a right to receive one Class A Ordinary Share or cash. On June 30, 2026, 1,300 RSUs vested and were converted into shares, increasing her share count before the separate sale of 261 shares to cover associated tax obligations.