Endava (NYSE: DAVA) director sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Endava plc director David Alexander Pattillo reported transactions in Class A Ordinary Shares tied to restricted share unit (RSU) vesting on June 30, 2026. He exercised 1,344 RSUs, each representing one Class A Ordinary Share, as the RSUs vested on that date.
To cover statutory tax withholding obligations from the vesting, he sold 269 shares in open-market transactions at a weighted average price of $2.89 per share, with individual sale prices ranging from $2.87 to $2.89. Following these transactions, he directly holds 33,407 Class A Ordinary Shares, which may be represented by American Depositary Shares on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 269 shares ($777)
Net Sell
3 txns
Insider
PATTILLO DAVID ALEXANDER
Role
null
Sold
269 shs ($777.41)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,344 | $0.00 | -- |
| Exercise | Class A Ordinary Shares | 1,344 | $0.00 | -- |
| Sale | Class A Ordinary Shares | 269 | $2.89 | $777.41 |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct, null);
Class A Ordinary Shares — 33,676 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: 269 shares
Weighted average sale price: $2.89 per share
RSUs vested and exercised: 1,344 units
+2 more
5 metrics
Shares sold
269 shares
Open-market sale on June 30, 2026 to cover tax withholding
Weighted average sale price
$2.89 per share
Sales executed between $2.87 and $2.89 on June 30, 2026
RSUs vested and exercised
1,344 units
Restricted share units vested on June 30, 2026 and converted to shares
Shares held after transactions
33,407 shares
Director’s direct Class A Ordinary Share holdings following reported activity
ADS to ordinary share ratio
1 ADS : 1 ordinary share
Each American Depositary Share currently represents one ordinary share
Key Terms
American Depositary Shares, Restricted Share Units, weighted average price, statutory tax withholding obligations
4 terms
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.
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."
FAQ
What insider transactions did Endava (DAVA) director David Alexander Pattillo report?
He reported RSU-related activity on June 30, 2026. 1,344 restricted share units vested and were exercised into Class A Ordinary Shares, and 269 shares were sold in open-market trades primarily to satisfy statutory tax withholding obligations.