[Form 4] zSpace, Inc. Common stock Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing dated 07/08/2025. zSpace, Inc. (ZSPC) CEO and Director Paul Kellenberger reported two open-market sales of the company’s common stock.

• 07/03/2025: 1,328 shares sold at a weighted-average price of $3.009.
• 07/07/2025: 1,382 shares sold at a weighted-average price of $2.948.

The total of 2,710 shares was disposed of solely to satisfy tax obligations arising from a prior RSU vesting (per footnote 1). Following these transactions, Kellenberger directly owns 30,790 shares of ZSPC common stock. No derivative securities were exercised or disposed of.

The trades represent a small fraction of the executive’s holdings and do not disclose any change in corporate strategy, capital structure, or operating outlook. As such, the filing is considered routine and is unlikely to be market-moving.

Insights

Corporate Governance Analyst

TL;DR: Routine tax-related insider sale; de-minimis impact on governance outlook.

Insider selling often raises questions, but the footnotes clarify that the disposition was executed to cover withholding taxes from RSU vesting. The CEO retains a meaningful stake (≈31 k shares), preserving alignment with shareholders. No red flags regarding compliance or undisclosed trading plans appear in the filing. Overall governance implications are neutral.

Portfolio Manager

TL;DR: Small-scale insider sale—unlikely to influence valuation or liquidity.

At roughly $3 per share, the CEO’s sale totals about $8,100—immaterial versus typical daily volume for micro-caps and insignificant to the firm’s float. Because the purpose is tax payment rather than discretionary profit-taking, the transaction does not alter the investment thesis. I classify it as non-impactful for portfolio decision-making.

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
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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^*

Kellenberger Paul

(Last) (First) (Middle)

C/O ZSPACE, INC.

55 NICHOLSON LANE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

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	07/03/2025		S		1,328(1)	D	$3.009(2)	32,172	D
Common Stock	07/07/2025		S		1,382(1)	D	$2.948(3)	30,790	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 securities reported herein were sold to cover the reporting person's tax obligations arising out of a prior vesting of restricted stock units, as originally reported by the reporting person in a Form 4 filed with the Securities and Exchange Commission (the "SEC") on July 2, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.960 to $3.075, inclusive. The reporting person undertakes to provide to zSpace, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.900 to $3.050, inclusive.

	/s/ Paul Kellenberger	07/08/2025
	** 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

How many zSpace (ZSPC) shares did the CEO sell on 07/03/2025?

Paul Kellenberger sold 1,328 common shares at a weighted-average price of $3.009.

What was the sale price range for the 07/07/2025 transaction?

Shares were sold in multiple trades ranging from $2.900 to $3.050, averaging $2.948.

Why did the CEO sell shares according to the Form 4 footnotes?

The sales were made to cover tax obligations arising from a prior vesting of restricted stock units.

How many ZSPC shares does Paul Kellenberger own after these transactions?

He now directly owns 30,790 shares of zSpace common stock.

Were any derivative securities reported in this Form 4?

No. No derivative securities were acquired, exercised, or disposed of.