SVRN withholds COO David L. Schwed's shares for taxes

The related restricted-stock grant vests in stages through December 2026, subject to continued service on each vesting date.

Available on EDGAR 11/02/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

SVRN, Inc. Chief Operating Officer David L. Schwed had 423 shares of common stock withheld by the issuer on October 22, 2026, at $35.33 per share, and 6,798 shares on September 22, 2026, at $33.93 per share, to satisfy employee tax withholding obligations tied to vesting and settlement of restricted common stock. The related grant covered 54,810 restricted shares: 25% vested September 22, with the balance vesting in equal monthly installments through December 2026, subject to continued service on each vesting date. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Tax Withholding: 7,221 shares

Tax Withholding 2 txns

Insider Schwed David L.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F2, F1	423	$35.33	$15K
Tax Withholding	Common Stock F2, F1	6,798	$33.93	$231K

Holdings After Transaction: Common Stock — 47,589 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person was granted 54,810 shares of restricted common stock, vesting 25% on September 22, 2026, with the balance of the shares vesting monthly in equal installments through December 2026, subject to continued service on each applicable vesting date.
2. F2. Represents shares of common stock withheld by the Issuer to satisfy employee tax withholding obligations in connection with the vesting and settlement of the common shares.

Key Figures

Shares withheld: 423 shares Price per share: $35.33 per share Shares withheld: 6,798 shares +3 more

6 metrics

Shares withheld 423 shares October 22, 2026

Price per share $35.33 per share Shares withheld October 22, 2026

Shares withheld 6,798 shares September 22, 2026

Price per share $33.93 per share Shares withheld September 22, 2026

Restricted shares granted 54,810 shares Vesting began September 22, 2026

Initial vesting portion 25% Vested September 22, 2026

Key Terms

restricted common stock, tax withholding obligations, vesting

3 terms

restricted common stock financial

"shares of restricted common stock"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

tax withholding obligations financial

"to satisfy employee tax withholding obligations"

vesting financial

"vesting 25% on September 22, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

How many SVRN shares did COO David L. Schwed have withheld, and at what prices?

David L. Schwed had 423 shares withheld on October 22, 2026, at $35.33 per share, and 6,798 shares withheld on September 22, 2026, at $33.93 per share. The issuer withheld the shares to satisfy employee tax withholding obligations tied to vesting and settlement of restricted common stock. No Rule 10b5-1 plan is reported.

What were the vesting terms for David L. Schwed’s SVRN restricted-stock grant?

The grant covered 54,810 shares of restricted common stock. 25% vested on September 22, 2026, and the balance vests in equal monthly installments through December 2026, subject to continued service on each applicable vesting date.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Schwed David L.

(Last) (First) (Middle)

PENDELIS 26, PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

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 Stock	09/22/2026		F		6,798(2)	D	$33.93	48,012(1)	D
Common Stock	10/22/2026		F		423(2)	D	$35.33	47,589(1)	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 Reporting Person was granted 54,810 shares of restricted common stock, vesting 25% on September 22, 2026, with the balance of the shares vesting monthly in equal installments through December 2026, subject to continued service on each applicable vesting date.

2. Represents shares of common stock withheld by the Issuer to satisfy employee tax withholding obligations in connection with the vesting and settlement of the common shares.

	/s/ David L. Schwed	11/02/2026
	** 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)