PTC (PTC) director Paul Lacy settles 1,500 RSUs into common shares

Rhea-AI Filing Summary

PTC Inc. director Paul A. Lacy reported the vesting and conversion of equity awards into common stock. On February 11, 2026, 1,500 time-based restricted stock units granted on February 12, 2025 vested and were converted into 1,500 shares of PTC common stock at an exercise price of $0 per share. Following this settlement, Lacy directly beneficially owns 13,393 shares of PTC common stock and no restricted stock units of this award class, and also has indirect beneficial ownership of 42,000 additional shares held by a trust.

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^*

LACY PAUL A

(Last) (First) (Middle)

C/O 121 SEAPORT BOULEVARD

(Street)

BOSTON MA 02210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PTC INC. [ PTC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		1,500	A	$0	13,393	D
Common Stock								42,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/11/2026		M			1,500	(2)	(2)	Common Stock	1,500	$0	0(3)	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.

2. Time-based restricted stock units granted on February 12, 2025 that vested on February 11, 2026.

3. This amount represents the total number of derivative securities beneficially owned of the class shown.

	/s/Sean McGrath by power of attorney filed 09/11/2024	02/12/2026
	** 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).
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FAQ

What insider transaction did PTC (PTC) director Paul A. Lacy report?

Paul A. Lacy reported the vesting and conversion of 1,500 restricted stock units into 1,500 shares of PTC common stock. The transaction occurred on February 11, 2026 and was recorded as an exercise or conversion at an exercise price of $0 per share.

How many PTC (PTC) shares did Paul A. Lacy acquire in this Form 4?

The filing shows that 1,500 restricted stock units converted into 1,500 shares of PTC common stock. These shares were acquired through the vesting of time-based RSUs rather than an open-market purchase, at an exercise price of $0 per share.

What are Paul A. Lacy’s PTC (PTC) share holdings after this transaction?

After the reported transaction, Paul A. Lacy directly beneficially owns 13,393 shares of PTC common stock. The filing also shows indirect beneficial ownership of 42,000 additional PTC shares held by a trust, separate from his direct holdings.

What were the terms of the restricted stock units reported by PTC (PTC)?

The restricted stock units were time-based awards granted on February 12, 2025, each representing a contingent right to one share of PTC common stock. They vested on February 11, 2026, resulting in the issuance of 1,500 common shares at an exercise price of $0.

Does the PTC (PTC) Form 4 show any remaining derivative securities for Paul A. Lacy?

The Form 4 indicates that, after the vesting and conversion of 1,500 restricted stock units, Paul A. Lacy beneficially owns zero derivative securities of that class. The RSUs reported were fully settled into PTC common stock on the vesting date.

Is the PTC (PTC) insider transaction a market purchase or sale?

The reported activity is an exercise or conversion of restricted stock units, not an open-market purchase or sale. The 1,500 RSUs vested and converted into 1,500 PTC common shares at an exercise price of $0, reflecting equity compensation settling into stock.