CGTX Board Member Gains Major Stake with 34K Restricted Stock Award
Rhea-AI Filing Summary
Director Brett P. Monia of Cognition Therapeutics (NASDAQ: CGTX) received 34,000 restricted stock units (RSUs) on June 18, 2025. Following this transaction, Monia's direct ownership increased to 48,500 shares.
Key terms of the RSU grant:
- Each RSU represents one share of common stock upon settlement
- RSUs will fully vest on the earlier of:
- June 18, 2026, or
- The date of the next annual stockholder meeting
- Vesting is contingent on continuous service as director
The RSUs were granted at $0.00 cost basis, representing a form of equity-based compensation for board service. The transaction was reported via Form 4 filing, executed by attorney-in-fact John Brendan Doyle on June 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,000 shares
Net Buy
1 txn
Insider
Monia Brett P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 48,500 shares (Direct)
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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FAQ
What is the vesting schedule for CGTX director Brett Monia's RSU grant?
The RSUs will vest in full on the earlier of (i) June 18, 2026 or (ii) the date of CGTX's next annual meeting of stockholders, subject to Monia's continuous service as a director through the applicable vesting date.
What was the purchase price of CGTX RSUs granted to director Brett Monia?
The RSUs were granted to Brett Monia at $0.00 per unit as part of his compensation as a director of CGTX.
What position does Brett P. Monia hold at CGTX according to the Form 4?
According to the Form 4 filing, Brett P. Monia serves as a Director of Cognition Therapeutics Inc (CGTX), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.