Rezolute (RZLT) CEO logs automatic RSU tax-withholding share sale in Form 4

Rhea-AI Filing Summary

Rezolute, Inc. CEO Nevan C. Elam reported a routine tax-related share disposition. On the transaction date, 8,004 common shares were automatically sold at $4.99 per share to cover tax withholding obligations arising from the vesting and settlement of Restricted Stock Units.

The company elected a mandatory “sell to cover” method for these taxes, so this was not a discretionary market trade by the CEO. After this transaction, Elam directly holds 605,497 common shares of Rezolute.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Elam Nevan C

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	8,004	$4.99	$40K

Holdings After Transaction: Common Shares — 605,497 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed for tax withholding: 8,004 shares Disposition price per share: $4.99 per share Shares held after transaction: 605,497 shares +2 more

5 metrics

Shares disposed for tax withholding 8,004 shares Common shares used to cover RSU tax obligations

Disposition price per share $4.99 per share Price for tax-withholding share disposition

Shares held after transaction 605,497 shares CEO’s direct common share holdings following transaction

Tax-withholding transactions count 1 transaction Single F-code tax-withholding event in this Form 4

Tax-withholding shares total 8,004 shares Total shares used across all tax-withholding entries

Key Terms

Restricted Stock Units ("RSUs"), sell to cover, tax withholding obligations, tax-withholding disposition, +1 more

5 terms

Restricted Stock Units ("RSUs") financial

"in connection with the vesting and settlement of Restricted Stock Units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

sell to cover financial

"funded by a "sell to cover" transaction and does not represent a discretionary"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

tax withholding obligations financial

"shares disposed of by the Reporting Person to cover tax withholding obligations in connection"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 05:27 PM Accepted by SEC EDGAR 07/07/2026 - 05:27 PM Learn about SEC filing dates

FAQ

What did Rezolute (RZLT) CEO Nevan C. Elam report in this Form 4?

Nevan C. Elam reported a disposition of 8,004 Rezolute common shares. The shares were automatically sold to satisfy tax withholding obligations tied to vesting Restricted Stock Units, rather than a discretionary open-market sale.

Was the Rezolute (RZLT) CEO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale initiated by the CEO. Shares were disposed of under a mandatory “sell to cover” election by Rezolute to fund tax withholding on recently vested Restricted Stock Units.

How many Rezolute (RZLT) shares were used to cover taxes in this filing?

The filing shows 8,004 common shares were disposed of at $4.99 per share. These shares covered tax withholding obligations that arose when the CEO’s Restricted Stock Units vested and settled into common stock.

How many Rezolute (RZLT) shares does the CEO hold after this Form 4 transaction?

After the tax-withholding disposition, CEO Nevan C. Elam directly holds 605,497 common shares. This figure reflects his remaining direct ownership following the automatic sale of 8,004 shares to satisfy tax obligations.

What is the meaning of transaction code “F” in the Rezolute (RZLT) Form 4?

Transaction code “F” indicates a disposition to pay an exercise price or tax liability. In this case, it reflects shares sold to cover tax withholding owed on the vesting and settlement of the CEO’s Restricted Stock Units.

Why does Rezolute (RZLT) use a “sell to cover” method for RSU tax withholding?

Rezolute elected to require tax withholding on vested RSUs to be funded via a “sell to cover” transaction. This means shares are automatically sold to pay taxes, avoiding separate cash payments by the reporting person.

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^*

Elam Nevan C

(Last) (First) (Middle)

C/O REZOLUTE, INC.

275 SHORELINE DRIVE, SUITE 500

(Street)

REDWOOD CITY CALIFORNIA 94065

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Rezolute, Inc. [ RZLT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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
Common Shares	07/02/2026		F(1)		8,004	D	$4.99	605,497	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. The disposition reported on this Form 4 represents shares disposed of by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The disposition is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

	/s/ Nevan C. Elam	07/07/2026
	** 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)