PDF Solutions CFO gets 70,000-unit target stock grant

Q: How many PDFS shares did Adnan Raza report holding?

The report lists 72,359 common shares held directly by Adnan Raza and 39,615 held indirectly by trust as of September 1, 2026. His direct common shares include 27 shares purchased on July 31, 2026, under the PDF Employee Stock Purchase Plan.

The 70,000-unit award is contingent: earned units may range from 0% to 100% of target based on stock-price goals after a three-year performance period.

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Rhea-AI Filing Summary

PDF Solutions Inc. EVP, Finance and CFO Adnan Raza received a grant of 70,000 Performance Stock Units on September 1, 2026. The units represent a target award; the number earned may range from 0% to 100% of target based on stock-price goals following a three-year performance period. The report lists 72,359 common shares held directly by Raza and 39,615 held indirectly by trust as of September 1, 2026. His direct common shares include 27 shares purchased under the PDF Employee Stock Purchase Plan on July 31, 2026.

Insider Trade Summary

Grant/Award: 70,000 shares

Grant/Award 3 txns

Insider Raza Adnan

Role EVP, Finance and CFO

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Unit ^{F2, F3, F4}	70,000	$0.00	$0.00
holding	Common Stock ^F1	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Stock Unit — 70,000 contracts (Direct); Common Stock — 72,359 shares (Direct); Common Stock — 39,615 shares (Indirect, By Trust)

Footnotes (4)

F1. Includes 27 shares of common stock that were purchased on July 31, 2026 under the PDF Employee Stock Purchase Plan.
F2. The Performance Stock Units (PSUs) represent a contingent right to receive one share of the Issuer's common stock.
F3. The number of PSUs reported represents the target award (100%); the number of PSUs ultimately earned may range from 0% to 100% of target.
F4. The number of PSUs that vest and are earned will be based on attainment of certain stock price goals following the end of a three-year performance period.

Key Figures

Target Performance Stock Units: 70,000 units Potential earned range: 0% to 100% of target Performance period: three years +3 more

6 metrics

Target Performance Stock Units 70,000 units Award dated September 1, 2026

Potential earned range 0% to 100% of target Based on stock-price goals

Performance period three years Stock-price goals apply following the end of the period

Direct common shares 72,359 shares Reported as of September 1, 2026

Common shares held by trust 39,615 shares Indirect holding reported as of September 1, 2026

Employee Stock Purchase Plan shares 27 shares Purchased July 31, 2026

Key Terms

Performance Stock Units (PSUs), target award, three-year performance period

3 terms

Performance Stock Units (PSUs) financial

"represent a contingent right to receive one share"

Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.

target award financial

"represents the target award (100%)"

three-year performance period financial

"following the end of a three-year performance period"

FAQ

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

How many PSUs did PDFS CFO Adnan Raza receive?

PDF Solutions EVP, Finance and CFO Adnan Raza received a target award of 70,000 Performance Stock Units on September 1, 2026. The units represent a contingent right to receive one common share each; the number earned may range from 0% to 100% of target based on stock-price goals following a three-year performance period.

How many PDFS shares did Adnan Raza report holding?

The report lists 72,359 common shares held directly by Adnan Raza and 39,615 held indirectly by trust as of September 1, 2026. His direct common shares include 27 shares purchased on July 31, 2026, under the PDF Employee Stock Purchase Plan.

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

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Available on EDGAR 10/19/2026 - 09:48 AM EDT Accepted by SEC EDGAR 10/19/2026 - 09:47 AM EDT

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^*

Raza Adnan

(Last)

(First)

(Middle)

2858 DE LA CRUZ BLVD.

(Street)

SANTA CLARA

CALIFORNIA

95050

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PDF SOLUTIONS INC [ PDFS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Finance and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								72,359⁽¹⁾	D
Common Stock								39,615	I	By Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Stock Unit	⁽²⁾	09/01/2026		A		70,000⁽³⁾		09/01/2029⁽⁴⁾	⁽⁴⁾	Common Stock	70,000	$0	70,000	D

Explanation of Responses:

1. Includes 27 shares of common stock that were purchased on July 31, 2026 under the PDF Employee Stock Purchase Plan.

2. The Performance Stock Units (PSUs) represent a contingent right to receive one share of the Issuer's common stock.

3. The number of PSUs reported represents the target award (100%); the number of PSUs ultimately earned may range from 0% to 100% of target.

4. The number of PSUs that vest and are earned will be based on attainment of certain stock price goals following the end of a three-year performance period.

	/s/ Adnan Raza	10/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR