ProCap Financial (BRR) CLO receives 629,771-share RSU equity grant in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Wood Kyle Irvin reported acquisition or exercise transactions in this Form 4 filing.
ProCap Financial, Inc. reported that Chief Legal Officer Kyle Irvin Wood received an equity compensation award via restricted stock units that settled into 629,771 shares of common stock at a price of $0.0000 per share. Following this grant, he directly holds 629,771 shares.
According to the footnote, 314,886 RSUs are fully vested and 314,885 RSUs will vest in two quarterly installments, with 157,443 RSUs vesting on May 24, 2026 and 157,442 RSUs vesting on August 24, 2026. This Form 4 amendment corrects an administrative error in the originally reported RSU grant amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wood Kyle Irvin
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 | 629,771 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 629,771 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU shares granted/settled: 629,771 shares
Price per share: $0.0000 per share
Shares held after transaction: 629,771 shares
+4 more
7 metrics
RSU shares granted/settled
629,771 shares
Common Stock grant/settlement at $0.0000 per share
Price per share
$0.0000 per share
RSU settlement into common stock
Shares held after transaction
629,771 shares
Direct ownership post-award
Fully vested RSUs
314,886 units
Immediately vested portion of 629,771 RSUs
Unvested RSUs
314,885 units
Scheduled to vest in two quarterly installments
Scheduled vesting May 24, 2026
157,443 units
First quarterly vesting installment
Scheduled vesting August 24, 2026
157,442 units
Second quarterly vesting installment
Key Terms
restricted stock units ("RSUs"), vest, quarterly installments, Form 4 amendment, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents the settlement of restricted stock units ("RSUs") into shares of common stock upon vesting."
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.
vest financial
"Of the 629,771 RSUs reported, 314,886 are fully vested and the remaining 314,885 RSUs will vest in 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.
quarterly installments financial
"the remaining 314,885 RSUs will vest in quarterly installments, with 157,443 RSUs vesting on May 24, 2026"
Form 4 amendment regulatory
"The original Form 4, filed on March 25, 2026, is being amended by this Form 4 amendment solely to correct an administrative error"
administrative error regulatory
"is being amended by this Form 4 amendment solely to correct an administrative error regarding the number of RSUs granted."
FAQ
What insider transaction did ProCap Financial (BRR) report for Kyle Irvin Wood?
ProCap Financial reported that Chief Legal Officer Kyle Irvin Wood received 629,771 shares of common stock through the settlement of restricted stock units. This was a compensation-related equity grant, not an open-market purchase or sale, and left him holding 629,771 shares directly.
How many ProCap Financial (BRR) RSUs vested immediately for Kyle Irvin Wood?
Out of the 629,771 restricted stock units, 314,886 RSUs are fully vested immediately. The remaining units are scheduled to vest later, providing a mix of current ownership and future vesting tied to continued service or other applicable conditions.
What is the vesting schedule for the remaining ProCap Financial (BRR) RSUs?
The remaining 314,885 restricted stock units will vest in two quarterly installments. Specifically, 157,443 RSUs will vest on May 24, 2026, and 157,442 RSUs will vest on August 24, 2026, extending equity-based incentives over time.
What does this Form 4/A amendment change for ProCap Financial (BRR)?
The Form 4/A is described as correcting an administrative error in the originally reported RSU grant number. It clarifies the correct total of 629,771 RSUs and the related vesting details, without indicating any new market transaction or pricing change.