Yost Ryan D

Yost Ryan D has filed 47 Form 4 transactions across two companies, with a clear directional bias: zero open-market purchases and roughly $461,581 in total sell-side activity. The selling, however, is not discretionary. It consists entirely of "F" codes—shares withheld to cover tax obligations—paired with "M" codes reflecting option exercises. These are mechanical events tied to equity compensation, not open-market sales. The most recent cluster, dated March 1, 2026, at Avery Dennison (AVY), shows a series of exercises and tax-withholding offsets: option exercises valued at $48,695, $139,072.92, $84,534.52, $43,241.16, and $32,528.26, against tax withholdings of $13,439.82, $38,176.88, $23,178.82, $14,218.94, and $10,712.90. A similar pattern occurred on March 1, 2025, with larger exercises—$548,272.86, $27,123.70, $80,248.74, and $40,592.02—and corresponding withholdings of $166,483.40, $8,417.70, $24,504.86, $13,281.26, and $11,036.54. The only other ticker in the filing history is Amcor (AMCR), where recent entries are "A" codes—grants or awards with zero dollar value—dated June 15, 2026. These are compensation events, not market transactions. Across all 47 filings, there are no "P" (purchase) or "S" (sale) codes, meaning Yost has never initiated a buy or sell on the open market. The aggregate $461,581 in sell value is entirely attributable to tax withholding on vested equity, a routine administrative outcome rather than a signal of conviction. The pattern is consistent: option exercises at AVY, immediate share withholding to cover taxes, and periodic grants at both AVY and AMCR. There is no evidence of accumulation or distribution in the secondary market.