BETA CTO awarded 35,491 performance-based shares
BETA Technologies, Inc. director and Chief Technology Officer David Lawrence Churchill reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
BETA Technologies, Inc. director and Chief Technology Officer David Lawrence Churchill reported routine equity compensation activity. He acquired 35,491 shares of Class A common stock at $0.00 per share through vesting of performance-based restricted stock units, bringing his direct holdings to 571,628 shares.
In a separate transaction, 98 shares of Class A common stock were acquired upon PSU vesting for his domestic partner, increasing the indirect position to 3,640 shares. Footnotes state these PSUs vested after the issuer met specified performance criteria, and Churchill disclaims beneficial ownership of the partner-held shares except to the extent of his pecuniary interest.
Insider Trade Summary
Grant/Award: 35,589 shares
Grant/Award
2 txns
Insider
Churchill David Lawrence
Role
CHIEF TECHNOLOGY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 35,491 | $0.00 | $0.00 |
| Grant/Award | Class A common stock | 98 | $0.00 | $0.00 |
Holdings After Transaction:
Class A common stock — 571,628 shares (Direct);
Class A common stock — 3,640 shares (Indirect, By Domestic Partner)
Footnotes (3)
- F1. Represents shares of Class A common stock received upon the vesting of performance-based restricted stock units ("PSUs") awarded to the Reporting Person on January 30, 2026, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Class A common stock of the Issuer.
- F2. Represents shares of Class A common stock received upon the vesting of performance-based restricted stock units ("PSUs") awarded to the domestic partner of the Reporting Person on January 30, 2026, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Class A common stock of the Issuer.
- F3. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Key Figures
Direct shares acquired: 35,491 shares
Direct holdings after transaction: 571,628 shares
Indirect shares acquired: 98 shares
+2 more
5 metrics
Direct shares acquired
35,491 shares
Class A common stock via PSU vesting on 2026-04-14
Direct holdings after transaction
571,628 shares
Class A common stock held directly after PSU vesting
Indirect shares acquired
98 shares
Class A common stock via domestic partner PSU vesting
Indirect holdings after transaction
3,640 shares
Class A common stock held indirectly through domestic partner
PSU conversion price
<money>$0.00</money> per share
Price per share for PSU vesting into Class A common stock
Key Terms
performance-based restricted stock units, PSUs, Section 16, pecuniary interest
4 terms
performance-based restricted stock units financial
"Represents shares of Class A common stock received upon the vesting of performance-based restricted stock units ("PSUs")"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
PSUs financial
"Each PSU represents the contingent right to receive one share of Class A common stock"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
Section 16 regulatory
"such shares were not previously reportable under Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BETA (BETA) report for David Lawrence Churchill?
BETA reported that David Lawrence Churchill acquired 35,491 Class A shares via performance-based PSU vesting and 98 additional shares were acquired indirectly through his domestic partner’s PSU vesting, reflecting routine equity compensation rather than open-market buying or selling activity.
Were the BETA (BETA) insider transactions open-market buys or sells?
No, the transactions were not open-market trades. They reflect performance-based restricted stock units converting into Class A common shares at $0.00 per share upon meeting issuer performance criteria, a standard equity compensation event rather than discretionary market purchases or sales.
What do the performance-based PSUs in the BETA (BETA) filing represent?
Each PSU represents a contingent right to receive one BETA Class A share, vesting only if specific issuer performance criteria are satisfied. Once those criteria were met, the PSUs converted into 35,491 direct shares and 98 indirect shares as disclosed in the insider report.
Does the BETA (BETA) Form 4 indicate any remaining derivative or option positions?
No derivative positions are listed in the derivative summary section of the Form 4. The reported activity involves only non-derivative Class A common stock received from vesting of performance-based restricted stock units rather than exercises or conversions of options or other derivatives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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