Acrivon Therapeutics (ACRV) grants 49,830 RSUs to Chief Legal Officer Mary Miller
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Mary reported acquisition or exercise transactions in this Form 4 filing.
Acrivon Therapeutics Chief Legal Officer Mary Miller received an equity award of 49,830 shares of Common Stock in the form of restricted stock units (RSUs). The grant was made at no cash cost to her and is compensation-related rather than an open-market transaction.
The RSUs vest over time. According to the terms, 16.67% of the RSUs will vest on November 18, 2026, with the remaining units vesting in 10 substantially equal quarterly installments after that date, as long as she continues in service. Following this grant, she directly holds 82,767 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Mary
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 49,830 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 82,767 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 49,830 RSUs
Shares after transaction: 82,767 shares
Initial vesting portion: 16.67% of RSUs
+2 more
5 metrics
RSUs granted
49,830 RSUs
Grant to Chief Legal Officer on May 18, 2026
Shares after transaction
82,767 shares
Total direct holdings following RSU grant
Initial vesting portion
16.67% of RSUs
Vests on November 18, 2026
Remaining vesting schedule
10 quarterly installments
After November 18, 2026, subject to continuous service
Grant price per share
$0.0000 per share
Compensation grant, not open-market purchase
Key Terms
restricted stock units ("RSUs"), contingent right, vest, continuous service
4 terms
restricted stock units ("RSUs") financial
"These shares represent restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock."
vest financial
"16.67% of the RSUs shall vest on November 18, 2026, and the remaining RSUs shall vest in 10 substantially equal quarterly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"in each case subject to the Reporting Person's continuous service through each such vesting date."
FAQ
What insider transaction did Acrivon Therapeutics (ACRV) report for Mary Miller?
Acrivon Therapeutics reported that Chief Legal Officer Mary Miller received 49,830 restricted stock units. These RSUs are a compensation grant, not an open-market purchase, and each unit represents a right to receive one share of Acrivon’s Common Stock if service-based vesting conditions are met.
How do the Acrivon (ACRV) RSUs granted to Mary Miller vest?
The RSUs granted to Mary Miller vest in stages. The filing states that 16.67% of the restricted stock units vest on November 18, 2026, and the remaining units vest in 10 substantially equal quarterly installments, assuming she continues providing service through each scheduled vesting date.
Did Mary Miller buy or sell Acrivon (ACRV) stock in this Form 4?
Mary Miller did not buy or sell shares on the open market in this filing. Instead, she acquired 49,830 restricted stock units as a grant with a reported price per share of $0.0000, reflecting a compensation award rather than a market transaction involving cash consideration.
What does each Acrivon (ACRV) RSU granted to Mary Miller represent?
Each RSU granted to Mary Miller represents a contingent right to receive one share of Acrivon’s Common Stock. The rights only convert into actual shares if the specified vesting schedule is satisfied and she maintains continuous service through each relevant vesting date described in the disclosure.