Endava director’s RSUs vest, shares sold for taxes

Endava plc director Patrick Butcher reported routine equity compensation activity involving Class A Ordinary Shares.

Rhea-AI Filing Summary

Endava plc director Patrick Butcher reported routine equity compensation activity involving Class A Ordinary Shares. On March 31, 2026, he exercised 1,212 restricted share units at $0.00 per share, receiving 1,212 Class A Ordinary Shares and reflecting the vesting of RSUs in two equal installments on March 31 and June 30, 2026.

On April 1, 2026, he executed an open-market sale of 554 Class A Ordinary Shares at $4.43 per share. A footnote states this sale represented shares required to be sold to cover statutory tax withholding obligations related to the RSU vesting. Following these transactions, he directly owned 9,099 Class A Ordinary Shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Butcher Patrick

Role Director

Sold 554 shs ($2K)

Approx. gross sale proceeds $2K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares	554	$4.43	$2K
Exercise	Restricted Share Units	1,212	$0.00	$0.00
Exercise	Class A Ordinary Shares	1,212	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 1,212 contracts (Direct); Class A Ordinary Shares — 9,099 shares (Direct)

Footnotes (4)

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

Key Figures

Shares sold: 554 shares Sale price: $4.43 per share RSUs exercised: 1,212 units +2 more

5 metrics

Shares sold 554 shares Open-market sale on April 1, 2026 at $4.43 per share

Sale price $4.43 per share Price for 554 Class A Ordinary Shares sold April 1, 2026

RSUs exercised 1,212 units Restricted share units converted into Class A Ordinary Shares on March 31, 2026

Shares held after 9,099 shares Direct Class A Ordinary Share holdings following reported transactions

RSU vesting schedule 2 equal installments RSUs vest on March 31, 2026 and June 30, 2026

Key Terms

American Depositary Shares, restricted share unit, statutory tax withholding obligations, contingent right

4 terms

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.

restricted share unit 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."

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

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."

contingent right 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."

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 a related share sale. He received 1,212 Class A Ordinary Shares from restricted share units, then sold 554 shares at $4.43 each to cover statutory tax withholding obligations tied to the vesting.

How many Endava (DAVA) shares does Patrick Butcher hold after these transactions?

After the reported transactions, Patrick Butcher directly holds 9,099 Class A Ordinary Shares. This figure reflects the net position after receiving 1,212 shares from RSU vesting and selling 554 shares to satisfy statutory tax withholding obligations.

Were Patrick Butcher’s Endava (DAVA) share sales discretionary or tax-related?

The filing states the 554-share sale was tax-related. A footnote explains the shares sold represented the number required to cover statutory tax withholding obligations arising from the vesting of restricted share units, indicating a mechanistic rather than discretionary sale.

What are the terms of Patrick Butcher’s Endava (DAVA) restricted share units?

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

How are Endava (DAVA) Class A Ordinary Shares represented in U.S. markets?

Endava’s Class A Ordinary Shares may be represented by American Depositary Shares. Each American Depositary Share currently represents one ordinary share, providing U.S. investors with a way to hold an interest equivalent to the underlying ordinary shares.

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

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Accepted by SEC EDGAR 04/02/2026 - 05:55 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)
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		1,212	A	(2)	9,653	D
Class A Ordinary Shares(1)	04/01/2026		S		554(3)	D	$4.43	9,099	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			1,212	(4)	(4)	Class A Ordinary Shares	1,212	$0	1,212	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)