Axil Brands (AXIL) director receives 5,000 restricted shares
Rhea-AI Filing Summary
Axil Brands, Inc. director Nancy Hundt reported a grant of 5,000 shares of restricted common stock on January 15, 2026. The shares were awarded as non-employee director compensation at a price of $0.00 per share and are scheduled to vest on January 15, 2027. Following this grant, Hundt beneficially owns 17,273 shares of Axil Brands common stock in direct ownership. This filing reflects routine equity compensation for board service rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did AXIL director Nancy Hundt report?
Nancy Hundt reported receiving 5,000 shares of restricted common stock of Axil Brands, Inc. on January 15, 2026, coded as an acquisition (A) at a price of $0.00 per share.
Why were the 5,000 Axil Brands (AXIL) shares granted to Nancy Hundt?
The 5,000 shares represent restricted stock granted as non-employee director compensation, meaning they were issued as part of Hundt’s board service compensation rather than purchased in the market.
When do Nancy Hundt’s restricted Axil Brands shares vest?
The filing states that the 5,000 restricted shares will vest on January 15, 2027, one year after the grant date of January 15, 2026.
How many Axil Brands (AXIL) shares does Nancy Hundt own after this transaction?
After the reported grant, Nancy Hundt beneficially owns 17,273 shares of Axil Brands common stock, held in direct ownership.
Was cash paid for the 5,000 Axil Brands shares granted to the director?
No cash changed hands for this grant; the transaction price was $0.00 per share, consistent with an equity compensation award rather than a purchase.
Does this Form 4 show any Axil Brands derivative securities for Nancy Hundt?
No. The Form 4 excerpt lists only non-derivative common stock and shows an empty table for derivative securities, indicating none were reported in this filing.