[Form 4] zSpace, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paul Kellenberger, who serves as Chief Executive Officer and a Director of zSpace, Inc. (ZSPC), had 33,500 restricted stock units vest into shares of common stock on 10/01/2025. The vested RSUs were originally granted on 04/01/2025 under the company's 2024 Equity Incentive Plan and converted at a price of $0, adding to the reporting person’s direct beneficial ownership. After the vesting, the reporting person beneficially owns 201,000 shares of common stock. The Form 4 reports these non‑derivative acquisitions as direct ownership resulting from RSU vesting.

Positive

• 33,500 RSUs vested into common stock, increasing direct alignment between management and shareholders
• Reporting shows direct beneficial ownership rose to 201,000 shares following vesting

Negative

• 33,500 newly issued shares from RSU vesting may modestly increase outstanding share count
• RSUs converted at a reported price of $0, indicating dilution rather than cash purchase by the reporting person

Insights

Corporate Governance Analyst

RSU vesting increased CEO's direct stake by 33,500 shares.

The reported vesting on 10/01/2025 converted 33,500 RSUs into common stock under the 2024 Equity Incentive Plan, resulting in 201,000 shares beneficially owned by the reporting person. This is a standard executive compensation settlement rather than an open‑market purchase.

Because the transaction is a vesting event, it reflects compensation execution and alignment with shareholder interests through equity ownership; the filing documents the change in direct ownership precisely as required.

Executive Compensation Specialist

The award was granted earlier and vested into shares at no cash exercise price.

The RSUs were granted on 04/01/2025 and vested on 10/01/2025, converting into 33,500 shares at a reported price of $0, indicating an equity settlement rather than an option exercise.

This change increases the CEO’s direct shareholding to 201,000, a quantifiable outcome of the company’s 2024 equity plan and a routine element of executive pay delivery.

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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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).

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)
10/01/2025

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	10/01/2025		M(1)		33,500	A	$0	54,590	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
Restricted Stock Units	$0	10/01/2025		M(1)			33,500	(1)	(1)	Common Stock	33,500	(1)	201,000	D

Explanation of Responses:

1. On April 1, 2025, the reporting person was awarded the Restricted Stock Units (the "RSUs") reported herein, which RSUs vested into shares of Common Stock on October 1, 2025. Such RSUs were granted to the reporting person by the board of directors of the Company pursuant to the Company's 2024 Equity Incentive Plan.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ David Lorie, Attorney-in-Fact for Paul Kellenberger	10/02/2025
	** 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).
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.

FAQ

What happened in the zSpace (ZSPC) Form 4 for Paul Kellenberger?

The Form 4 reports that 33,500 Restricted Stock Units granted on 04/01/2025 vested into common stock on 10/01/2025, increasing direct ownership to 201,000 shares.

How many shares did the CEO acquire from the RSU vesting?

The CEO had 33,500 RSUs vest into 33,500 shares of common stock.

Under which plan were the RSUs granted?

The RSUs were granted under the company's 2024 Equity Incentive Plan.

Did the reporting person pay to convert the RSUs into shares?

No cash price is reported; the transaction lists a conversion price of $0, indicating equity settlement on vesting.

What is the reporting person’s total beneficial ownership after the transaction?

After the RSU vesting, the reporting person beneficially owns 201,000 shares of common stock.