Emerald Holding (EEX) EVP & GC logs 36,155-share sale and RSU vesting

Rhea-AI Filing Summary

Emerald Holding, Inc. executive Sara Altschul, EVP and General Counsel, reported a disposition of 36,155 shares of common stock on January 7, 2026 at $4.62 per share. Following this transaction, she beneficially owned 70,182 shares, which the disclosure notes include unvested restricted stock units.

The transaction is tied to a prior grant of 106,337 restricted stock units (RSUs) made on February 26, 2025. These RSUs vested as to 34% on January 7, 2026 and, assuming continued employment, are scheduled to vest 33% on January 7, 2027 and 33% on January 7, 2028. The Compensation Committee revised the terms so that the portion vesting on January 7, 2026 is settled in cash instead of common shares.

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

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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^*

Altschul Sara

(Last) (First) (Middle)

EMERALD HOLDING, INC.

100 BROADWAY, 14TH FLOOR

(Street)

NEW YORK NY 10005

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Emerald Holding, Inc. [ EEX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Stock	01/07/2026		D(1)		36,155	D	$4.62	70,182(2)	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

Explanation of Responses:

1. On February 26, 2025, the reporting person was granted 106,337 restricted stock units ("RSUs") in respect of the issuer's common stock, which were previously reported on a timely Form 4 dated February 28, 2025. These RSUs vested as to 34% on January 7, 2026 and, subject to the reporting person's continued employment with the issuer through the applicable vesting date, will vest as to 33% on January 7, 2027 and 33% on January 7, 2028. Prior to the January 7, 2026 vesting date, the issuer's Compensation Committee, in its sole discretion, revised the terms of the RSUs for all employees of the issuer that were granted RSUs on February 26, 2025 to settle the portion of the RSUs vesting on January 7, 2026 in cash instead of in shares of the issuer's common stock.

2. Includes 70,182 unvested restricted stock units.

	/s/ Sara Altschul	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Who is the insider involved in this Form 4 for Emerald Holding (EEX)?

The insider is Sara Altschul, who serves as EVP and General Counsel of Emerald Holding, Inc. and is reporting as an officer of the company.

What stock transaction did Emerald Holding (EEX) officer Sara Altschul report?

She reported a disposition of 36,155 shares of common stock on January 7, 2026 at a price of $4.62 per share, as shown in Table I.

How many Emerald Holding (EEX) shares does Sara Altschul report owning after the transaction?

After the reported transaction, she is shown as beneficially owning 70,182 shares, held with direct ownership, and the footnote states this total includes 70,182 unvested RSUs.

What are the key terms of the restricted stock units granted to Sara Altschul at Emerald Holding (EEX)?

On February 26, 2025 she was granted 106,337 RSUs. These RSUs vested as to 34% on January 7, 2026 and, subject to continued employment, will vest as to 33% on January 7, 2027 and 33% on January 7, 2028.

How were the January 7, 2026 RSUs for Emerald Holding (EEX) settled for Sara Altschul?

The Compensation Committee revised the terms so that, for all employees granted RSUs on February 26, 2025, the portion vesting on January 7, 2026 would be settled in cash instead of in shares of Emerald Holding’s common stock.

Is the reported Emerald Holding (EEX) transaction by Sara Altschul direct or indirect ownership?

The transaction is reported under direct (D) ownership, with no separate entity or indirect ownership structure indicated in the disclosure.