Director at Cognition Therapeutics (CGTX) receives 25,000 RSUs and holds 73,500 shares
Rhea-AI Filing Summary
Monia Brett P reported acquisition or exercise transactions in this Form 4 filing.
Cognition Therapeutics Inc. director Brett P. Monia received an award of 25,000 restricted stock units (RSUs). These RSUs represent a right to receive an equal number of common shares at no purchase price per share.
The RSUs vest in full on the earlier of June 17, 2027 or the date of the company’s next annual meeting of stockholders, as long as Monia continues to serve as a director through that date. Following this grant, Monia directly holds 73,500 shares of Cognition Therapeutics common stock.
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Insights
Routine director equity grant in RSUs with time-based vesting.
Director Brett P. Monia was granted 25,000 RSUs, a standard form of non-cash compensation that aligns director incentives with shareholders by tying value to future stock performance rather than salary.
The RSUs vest in full on the earlier of June 17, 2027 or the next annual stockholder meeting, conditioned on continued board service. This is a typical time-based vesting schedule for outside directors and does not, by itself, signal a change in the company’s outlook.
After the grant, Monia holds 73,500 common shares directly. With no derivative positions reported in this filing and no open-market buying or selling, the filing mainly updates the equity compensation profile rather than indicating a directional trading view.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $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 17, 2027 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.
Key Figures
Key Terms
restricted stock unit ("RSU") financial
contingent right financial
annual meeting of stockholders financial
continuous service financial
AI-generated analysis. How Rhea-AI works. Not financial advice.