Director at Cognition Therapeutics (CGTX) granted 25,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognition Therapeutics director Ellen B. Richstone reported a grant of 25,000 restricted stock units (RSUs). Each RSU represents the right to receive one share of common stock upon settlement. The RSUs vest in full on the earlier of June 17, 2027 or the company’s next annual stockholder meeting, contingent on her continued board service. Following this equity award, she holds 83,500 shares of common stock directly. This Form 4 reflects a compensation-related acquisition rather than any open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RICHSTONE ELLEN B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 83,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 25,000 RSUs
RSU grant price: $0.0000 per unit
Shares after transaction: 83,500 shares
+1 more
4 metrics
RSU grant size
25,000 RSUs
Award of restricted stock units to director Ellen B. Richstone
RSU grant price
$0.0000 per unit
Reported transaction price per RSU
Shares after transaction
83,500 shares
Common stock directly held following the RSU grant
RSU vesting date
June 17, 2027
Vests on this date or earlier at next annual meeting
Key Terms
restricted stock unit ("RSU"), contingent right, vest, annual meeting of stockholders
4 terms
restricted stock unit ("RSU") financial
"Each share is represented by a restricted stock unit ("RSU")."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
vest financial
"The RSUs vest in full on the earlier of (i) June 17, 2027 or (ii) on the date of the Issuer's next annual meeting of stockholders"
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.
annual meeting of stockholders financial
"on the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service as a director"
FAQ
What insider transaction did Cognition Therapeutics (CGTX) report for Ellen B. Richstone?
Cognition Therapeutics reported that director Ellen B. Richstone received 25,000 RSUs. These restricted stock units are a stock-based compensation award, not an open-market purchase or sale, and will convert into common shares only when they vest and settle.
How many Cognition Therapeutics (CGTX) RSUs were granted to Ellen B. Richstone?
Ellen B. Richstone was granted 25,000 RSUs tied to Cognition Therapeutics common stock. Each RSU represents a right to one share upon settlement, giving her a future equity stake that depends on the award’s vesting conditions being satisfied.
What are the vesting terms of Ellen B. Richstone’s CGTX RSU grant?
The 25,000 RSUs vest in full on the earlier of June 17, 2027 or Cognition Therapeutics’ next annual stockholder meeting. Vesting is conditioned on her continuous service as a director through the applicable vesting date specified in the award’s terms.
Is Ellen B. Richstone’s CGTX Form 4 transaction an open-market trade?
No, the Form 4 reflects a grant of RSUs as compensation, not an open-market trade. The award has a reported price of zero per unit and represents a contingent right to receive shares when vesting and settlement conditions are met.