Endava director sells shares to cover RSU taxes

Endava plc director Patrick Butcher reported compensation-related share activity involving Class A Ordinary Shares.

Rhea-AI Filing Summary

Endava plc director Patrick Butcher reported compensation-related share activity involving Class A Ordinary Shares. On June 30, 2026, 1,212 restricted share units vested and were exercised into Class A Ordinary Shares at a conversion price of $0.00 per share. On the same date, 533 Class A Ordinary Shares were sold at a weighted average price of $2.88 per share to cover statutory tax withholding obligations associated with the RSU vesting. After these transactions, Butcher directly held 9,778 Class A Ordinary Shares. The RSU award referenced in the filing was fully converted, with no remaining restricted share units from that grant.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Butcher Patrick

Role Director

Sold 533 shs ($2K)

Approx. gross sale proceeds $2K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	1,212	$0.00	$0.00
Exercise	Class A Ordinary Shares	1,212	$0.00	$0.00
Sale	Class A Ordinary Shares	533	$2.88	$2K

Holdings After Transaction: Restricted Share Units — 0 contracts (Direct); Class A Ordinary Shares — 9,778 shares (Direct)

Footnotes (5)

1. F1. The Class A Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one ordinary share.
2. F2. 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.
3. F3. 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.
4. F4. 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.
5. F5. The RSUs vested on June 30, 2026.

Key Figures

Shares sold: 533 shares Sale price (weighted average): $2.88 per share RSUs exercised: 1,212 units +3 more

6 metrics

Shares sold 533 shares Class A Ordinary Shares sold on June 30, 2026

Sale price (weighted average) $2.88 per share Multiple transactions between $2.87 and $2.89

RSUs exercised 1,212 units Restricted share units converted on June 30, 2026

RSU conversion price $0.00 per unit Exercise or conversion of derivative security

Shares held after sale 9,778 shares Direct Class A Ordinary Share holdings post-transaction

ADS to share ratio 1 ADS : 1 share Each ADS represents one ordinary share

Key Terms

Restricted Share Units, American Depositary Shares, weighted average price

3 terms

Restricted Share Units financial

"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."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

American Depositary Shares financial

"The Class A Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one ordinary share."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Endava (DAVA) director Patrick Butcher report?

Patrick Butcher reported RSU vesting and related share activity. 1,212 restricted share units converted into Class A Ordinary Shares, and 533 shares were sold at a weighted average of $2.88 to satisfy statutory tax withholding obligations on June 30, 2026.

How many Endava Class A shares does Patrick Butcher hold after these Form 4 transactions?

Following the reported transactions, Patrick Butcher directly holds 9,778 Endava Class A Ordinary Shares. This reflects the vesting and conversion of 1,212 restricted share units and the sale of 533 shares to cover statutory tax withholding obligations on June 30, 2026.

Were Patrick Butcher’s Endava share sales discretionary open-market sales?

The 533 Endava Class A Ordinary Shares sold were used to cover statutory tax withholding obligations tied to RSU vesting. A footnote explains the sale represents shares required for withholding, even though the transaction is coded as an open-market or private sale.

What price range applied to Patrick Butcher’s Endava share sale on June 30, 2026?

The reported weighted average sale price was $2.88 per Endava Class A Ordinary Share. A footnote notes the shares were sold in multiple transactions at prices ranging from $2.87 to $2.89, inclusive, with full breakdowns available upon request.

How do Endava restricted share units reported by Patrick Butcher work?

Each Endava restricted share unit represents a contingent right to receive one Class A Ordinary Share or, at the issuer’s option, cash. The filing states that 1,212 RSUs vested on June 30, 2026 and were converted into Class A Ordinary Shares at a conversion price of $0.00.

Can Endava Class A Ordinary Shares be held as American Depositary Shares (ADSs)?

Yes. A footnote states that Endava Class A Ordinary Shares may be represented by American Depositary Shares. Each ADS currently represents one ordinary share, providing an alternative form for holding the same underlying equity interest in the company.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:30 PM Learn about SEC filing dates

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^*

Butcher Patrick

(Last) (First) (Middle)

C/O ENDAVA PLC

125 OLD BROAD STREET

(Street)

LONDON EC2N 1AR

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Issuer Name and Ticker or Trading Symbol
Endava plc [ DAVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares(1)	06/30/2026		M		1,212	A	(2)	10,311	D
Class A Ordinary Shares(1)	06/30/2026		S		533(3)	D	$2.88(4)	9,778	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(2)	06/30/2026		M			1,212	(5)	(5)	Class A Ordinary Shares	1,212	$0	0	D

Explanation of Responses:

1. The Class A Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one ordinary share.

2. 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.

3. 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.

4. 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.

5. The RSUs vested on June 30, 2026.

	/s/ Rohit Bhoothalingam, Attorney-in-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)