Endava (NYSE: DAVA) director exercises RSUs, sells small block to cover taxes

Rhea-AI Filing Summary

Endava plc director Kathryn A. Hollister exercised restricted share units and sold a small portion of shares to cover taxes. On March 31, 2026, she exercised 1,300 restricted share units at a conversion price of $0.00 per unit into 1,300 Class A Ordinary Shares. On April 1, 2026, she sold 264 Class A Ordinary Shares at $4.42 per share, which the footnotes state were required to satisfy statutory tax withholding obligations related to the RSU vesting. After these transactions, she holds 13,151 Class A Ordinary Shares directly. The RSUs vest in two equal installments on March 31, 2026 and June 30, 2026.

Insights

Equity compensation and insider-trading analyst

Routine RSU vesting with a small tax-related share sale; limited signaling value.

The transactions show Kathryn A. Hollister, a director of Endava plc, receiving equity compensation and converting 1,300 restricted share units into Class A Ordinary Shares at a $0.00 conversion price. This is a standard equity award vesting event rather than an open-market purchase.

A subsequent sale of 264 shares at $4.42 per share is explicitly described as covering statutory tax withholding obligations, which is a mechanical disposition rather than a discretionary sale. Following the activity, she still directly owns 13,151 shares, indicating the net transaction is small relative to her position.

The RSUs vest in two equal installments on March 31, 2026 and June 30, 2026, so additional compensation-related share issuances may appear in later disclosures. However, based on the amounts shown, these events are routine elements of director compensation with neutral implications for shareholders.

Insider Trade Summary

Net Seller: 264 shares ($1,167)

Net Sell 3 txns

Insider Hollister Kathryn A

Role Director

Sold 264 shs ($1K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares	264	$4.42	$1K
Exercise	Restricted Share Units	1,300	$0.00	--
Exercise	Class A Ordinary Shares	1,300	$0.00	--

Holdings After Transaction: Class A Ordinary Shares — 13,151 shares (Direct); Restricted Share Units — 1,300 shares (Direct)

Footnotes (1)

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 RSUs vested or will vest in 2 equal installments on March 31, 2026 and June 30, 2026.

Key Figures

RSUs exercised: 1,300 units Shares issued from RSUs: 1,300 Class A Ordinary Shares Shares sold: 264 Class A Ordinary Shares +3 more

6 metrics

RSUs exercised 1,300 units Restricted share units converted on March 31, 2026

Shares issued from RSUs 1,300 Class A Ordinary Shares Underlying shares from RSU exercise

Shares sold 264 Class A Ordinary Shares Sale on April 1, 2026 to cover tax withholding

Sale price $4.42 per share Price for 264-share sale

Shares held after transactions 13,151 Class A Ordinary Shares Direct ownership after exercise and sale

RSU conversion price $0.00 per unit Exercise or conversion price for RSUs

Key Terms

Restricted Share Units, American Depositary Shares, statutory tax withholding obligations, derivative exercise/conversion

4 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.

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."

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

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^*

Hollister Kathryn A

(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)
03/31/2026

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)	03/31/2026		M		1,300	A	(2)	13,415	D
Class A Ordinary Shares(1)	04/01/2026		S		264(3)	D	$4.42	13,151	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)	03/31/2026		M			1,300	(4)	(4)	Class A Ordinary Shares	1,300	$0	1,300	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 RSUs vested or will vest in 2 equal installments on March 31, 2026 and June 30, 2026.

	/s/ Rohit Bhoothalingam, Attorney-in-Fact	04/02/2026
	** 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)

FAQ

What insider transactions did Endava (DAVA) director Kathryn Hollister report?

Director Kathryn Hollister reported exercising 1,300 restricted share units into Class A Ordinary Shares at a conversion price of $0.00, then selling 264 Class A Ordinary Shares at $4.42 per share. These transactions reflect routine equity compensation activity and a small related share sale.

How many Endava (DAVA) shares does Kathryn Hollister hold after these Form 4 transactions?

After the reported transactions, Kathryn Hollister directly holds 13,151 Class A Ordinary Shares of Endava plc. This figure reflects the net result of exercising 1,300 restricted share units and selling 264 shares to cover statutory tax withholding obligations tied to the RSU vesting.

Was the Endava (DAVA) insider share sale a discretionary sale or tax-related?

The filing states the 264 Endava Class A Ordinary Shares sold at $4.42 per share were required to satisfy statutory tax withholding obligations from RSU vesting. This indicates a tax-related, mechanical sale rather than a discretionary open-market sale based on personal trading views.

What are the terms of Kathryn Hollister’s restricted share units in Endava (DAVA)?

Each restricted share unit (RSU) gives a contingent right to receive one Class A Ordinary Share or cash, at Endava’s option. The RSUs referenced in this filing vest in two equal installments on March 31, 2026 and June 30, 2026, driving the reported share issuance.

How many Endava (DAVA) restricted share units did Kathryn Hollister exercise?

Kathryn Hollister exercised 1,300 restricted share units into 1,300 Class A Ordinary Shares at a conversion price of $0.00 per unit. This conversion reflects equity compensation vesting, increasing her share holdings before the subsequent small sale for tax withholding.

Are Endava (DAVA) Class A Ordinary Shares represented by American Depositary Shares?

Yes. The footnotes clarify that Endava’s Class A Ordinary Shares may be represented by American Depositary Shares (ADSs), with each ADS currently representing one ordinary share. This structure allows investors to trade Endava’s equity on U.S. markets through ADSs.