Cardlytics (CDLX) awards 50,000 RSUs to its chief legal & privacy officer
Rhea-AI Filing Summary
Cheng Christopher Chi-Kit reported acquisition or exercise transactions in this Form 4 filing.
Cardlytics, Inc. granted 50,000 Restricted Stock Units (RSUs) to Chief Legal & Privacy Officer Christopher Chi-Kit Cheng. Each RSU represents a contingent right to receive one share of Common Stock. The award vests over 24 months, with 25,000 units vesting on September 1, 2027 and the remainder vesting quarterly over the following 12 months, subject to continued employment. Following this grant, Cheng holds 50,000 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheng Christopher Chi-Kit
Role
Chief Legal & Privacy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 50,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 50,000 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2. The restricted stock units shall vest over a period of 24 months, with 25,000 shares vesting on September 1, 2027 and the remaining shares vesting quarterly over the subsequent 12 months, provided that the Reporting Person remains employed by the Issuer on such vesting dates.
Key Figures
RSUs granted: 50,000 units
Underlying common shares: 50,000 shares
Initial vesting tranche: 25,000 units
+3 more
6 metrics
RSUs granted
50,000 units
Restricted Stock Units granted on 2026-08-03 to the Chief Legal & Privacy Officer
Underlying common shares
50,000 shares
Each RSU represents a contingent right to receive one share of Common Stock
Initial vesting tranche
25,000 units
First portion of RSUs vesting on September 1, 2027, subject to continued employment
Vesting period
24 months
RSUs vest over 24 months with remaining units vesting quarterly after initial tranche
RSUs held after transaction
50,000 units
Total Restricted Stock Units directly held by the reporting person following the grant
Transaction price per RSU
$0.0000 per unit
Grant of RSUs with no purchase price paid by the reporting person
Key Terms
Restricted Stock Units, contingent right, vest, Reporting Person
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
vest financial
"The restricted stock units shall vest over a period of 24 months, with 25,000 shares vesting"
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.
Reporting Person financial
"provided that the Reporting Person remains employed by the Issuer on such vesting dates"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Cardlytics (CDLX) report for Christopher Chi-Kit Cheng?
Cardlytics granted 50,000 Restricted Stock Units (RSUs) to Chief Legal & Privacy Officer Christopher Chi-Kit Cheng. Each RSU is a right to receive one share of Common Stock, subject to the award’s vesting schedule and continued employment conditions.
How many RSUs were granted in this Cardlytics (CDLX) Form 4 filing?
The filing reports a grant of 50,000 Restricted Stock Units to the Chief Legal & Privacy Officer. These RSUs correspond to 50,000 shares of Cardlytics Common Stock if and when they vest and settle, assuming all vesting conditions are met.
What is the vesting schedule for the 50,000 RSUs at Cardlytics (CDLX)?
The 50,000 RSUs vest over 24 months. 25,000 units vest on September 1, 2027, and the remaining RSUs vest quarterly over the subsequent 12 months, contingent on the reporting person remaining employed by Cardlytics on each vesting date.
What does each RSU represent in the Cardlytics (CDLX) award to Christopher Cheng?
Each Restricted Stock Unit represents a contingent right to receive one share of Cardlytics Common Stock. The units convert into shares only as they vest and settle in accordance with the specified vesting schedule and employment-based conditions.
What is Christopher Cheng’s Cardlytics (CDLX) equity position after this RSU grant?
After the reported transaction, Christopher Chi-Kit Cheng directly holds 50,000 Restricted Stock Units. These RSUs may convert into an equal number of Cardlytics Common Stock shares if the vesting conditions are satisfied over the 24‑month vesting period.
On what date was the RSU grant to the Cardlytics (CDLX) officer made?
The grant of 50,000 Restricted Stock Units to the Chief Legal & Privacy Officer is dated 2026-08-03. Vesting begins later, with the first tranche scheduled to vest on September 1, 2027, subject to continued employment at Cardlytics.