CNS Pharmaceuticals (CNSP) awards CTO Eric Faulkner 9,500 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Faulkner Eric reported acquisition or exercise transactions in this Form 4 filing.
CNS Pharmaceuticals granted Chief Technology Officer Eric Faulkner 9,500 restricted stock units on March 2, 2026. Each unit represents a contingent right to receive one share of common stock. The award was issued in connection with his employment.
The RSUs vest over time: 25% after six months, another 25% after twelve months, and the remaining 50% in twelve quarterly installments thereafter, provided he remains employed on each vesting date. This is a stock-based compensation grant rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Faulkner Eric
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,500 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Company common stock. The restricted stock units set forth in the table vest as follows: 25% on the six-month anniversary of the transaction date, 25% on the twelve-month anniversary of the transaction date, and the remaining 50% in twelve quarterly installments thereafter, subject to the reporting person's continued employment on each vesting date. Issued in connection with the reporting person's employment with the Company.
FAQ
What insider transaction did CNSP report for Eric Faulkner?
CNS Pharmaceuticals granted Eric Faulkner 9,500 restricted stock units. These RSUs give him the right to receive an equal number of common shares, subject to a multi-year vesting schedule linked to his continued employment with the company.
How many CNSP restricted stock units did Eric Faulkner receive?
Eric Faulkner received 9,500 restricted stock units from CNS Pharmaceuticals. Each unit corresponds to one share of common stock, awarded at no purchase price as part of his employment-based equity compensation package and subject to time-based vesting conditions.
What is the vesting schedule for Eric Faulkner’s CNSP RSUs?
Faulkner’s RSUs vest 25% six months after the grant date, 25% twelve months after the grant date, and the remaining 50% in twelve quarterly installments. Vesting requires his continued employment with CNS Pharmaceuticals on each applicable vesting date.
Does Eric Faulkner have to pay for his CNSP restricted stock units?
He does not pay a purchase price for these restricted stock units, which were granted at a stated price of $0.00 per unit. The award functions as stock-based compensation tied to his role and continued employment with CNS Pharmaceuticals.
Are Eric Faulkner’s CNSP RSUs fully owned immediately?
They are not fully owned immediately, because the 9,500 RSUs vest over time. Faulkner gains actual shares only as portions vest according to the six-month, twelve-month, and subsequent quarterly schedule, contingent on continued employment with the company.
Is this CNSP insider transaction a stock purchase or a grant?
This transaction is a grant of restricted stock units rather than an open-market stock purchase. CNS Pharmaceuticals awarded 9,500 RSUs to Eric Faulkner as part of his employment compensation, with vesting conditions instead of a cash payment for the shares.