Form 4: Toquet Gweltaz reports acquisition/exercise transactions in CEVA
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Toquet Gweltaz reported acquisition or exercise transactions in a Form 4 filing for CEVA. The filing lists transactions totaling 4,585 shares. Following the reported transactions, holdings were 56,363 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Toquet Gweltaz
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,585 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,363 shares (Direct)
Footnotes (1)
- Represents shares subject to restricted stock units (RSUs) with respect to which performance-based vesting conditions have been satisfied. The performance-based RSUs were issued under the 2011 Equity Incentive Plan and will vest 33.4% on February 15, 2026, 33.3% on February 15, 2027 and 33.3% on February 15, 2028. Represents 24,772 shares outstanding and 31,591 unvested RSU's.
FAQ
What insider transaction did CEVA (CEVA) report for Gweltaz Toquet?
CEVA reported that Chief Commercial Officer Gweltaz Toquet acquired 4,585 shares of common stock on February 15, 2026. The shares were received at a price of $0 per share as part of a grant or award, not through an open-market purchase.
What type of equity award did CEVA (CEVA) grant to its Chief Commercial Officer?
The award consists of performance-based restricted stock units (RSUs) granted under CEVA’s 2011 Equity Incentive Plan. Vesting occurs in three tranches, subject to satisfied performance conditions, rather than being immediately and fully transferable like standard purchased shares.
How will Gweltaz Toquet’s CEVA (CEVA) RSUs vest over time?
The performance-based RSUs vest in three installments: 33.4% on February 15, 2026, 33.3% on February 15, 2027, and 33.3% on February 15, 2028. This schedule spreads the equity compensation over three years, aligning with longer-term service and performance.
Was the CEVA (CEVA) insider transaction an open-market stock purchase?
No. The filing identifies the transaction code as a grant, award, or other acquisition at $0 per share. This indicates the shares were received as equity compensation via restricted stock units rather than being purchased in the open market.
What role does Gweltaz Toquet hold at CEVA (CEVA) in this Form 4 filing?
Gweltaz Toquet is identified as CEVA’s Chief Commercial Officer. The Form 4 notes his status as an officer of the company and reports the equity award and his resulting beneficial ownership as part of his executive compensation.