Cognition Therapeutics Director Receives 34,000 Share Grant Worth $[X] Million
Cognition Therapeutics director Jack A. Khattar received a grant of 34,000 restricted stock units (RSUs) on June 18, 2025.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest in full on the earlier of (i) June 18, 2026 or (ii) on the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service as a director as of the applicable vesting date.
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