CGTX Board Member Boosts Stake to 48,500 Shares Through Major RSU Award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognition Therapeutics director Jack A. Khattar received a grant of 34,000 restricted stock units (RSUs) on June 18, 2025. Following this transaction, Khattar's direct ownership increased to 48,500 shares.
Key details of the RSU grant:
- The RSUs were granted at $0.00 cost basis
- Vesting occurs at the earlier of June 18, 2026 or the next annual stockholder meeting
- Vesting is contingent on continuous service as director
- Each RSU converts to one share of common stock upon settlement
This Form 4 filing, signed by attorney-in-fact John Brendan Doyle, represents a standard equity compensation grant for non-employee directors, aligning the director's interests with shareholders through longer-term equity ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khattar Jack A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 48,500 shares (Direct)
Footnotes (1)
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FAQ
When do Jack Khattar's CGTX RSUs vest?
The RSUs vest in full on the earlier of two dates: (1) June 18, 2026, or (2) the date of Cognition Therapeutics' next annual meeting of stockholders. The vesting is subject to Khattar's continuous service as a director through the applicable vesting date.
What position does Jack Khattar hold at CGTX?
According to the Form 4 filing, Jack Khattar serves as a Director on the board of Cognition Therapeutics (CGTX). The filing indicates he is not an officer or 10% owner of the company.