Cricut (CRCT) General Counsel receives 100,000-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tuttle Matt reported acquisition or exercise transactions in this Form 4 filing.
Cricut, Inc. reported that its General Counsel and Secretary, Matt Tuttle, received an award of 100,000 shares of Class A common stock in the form of restricted stock units. These units vest in four equal annual installments beginning on May 15, 2027. After this grant, Tuttle directly holds 418,747 shares of Class A common stock, reflecting a compensation-related equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tuttle Matt
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 100,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 418,747 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 100,000 shares
Holdings after transaction: 418,747 shares
Vesting schedule: 4 equal annual installments
+2 more
5 metrics
RSU grant size
100,000 shares
Restricted stock unit award to Matt Tuttle
Holdings after transaction
418,747 shares
Class A common stock directly held after grant
Vesting schedule
4 equal annual installments
RSUs vest beginning May 15, 2027
Initial vesting date
May 15, 2027
First installment of RSU vesting
Recorded grant price
0.0000 per share
RSU award recorded price in Form 4
Key Terms
restricted stock units, vest, Class A Common Stock, grant, award, or other acquisition
4 terms
restricted stock units financial
"The shares are represented by restricted stock units which vest in four equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"restricted stock units which vest in four equal annual installments beginning on May 15, 2027"
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.
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Cricut (CRCT) disclose for Matt Tuttle?
Cricut disclosed that General Counsel and Secretary Matt Tuttle received 100,000 Class A common shares as a restricted stock unit award. This is a compensation grant, not an open-market purchase, and increases his directly held shares to 418,747 after the transaction.
When do Matt Tuttle’s restricted stock units in Cricut (CRCT) vest?
The restricted stock units granted to Matt Tuttle vest in four equal annual installments beginning on May 15, 2027. This structure spreads the vesting over four years, aligning his compensation with longer-term company performance and continued employment during the vesting period.
What are Matt Tuttle’s total Cricut (CRCT) holdings after this insider award?
Following the restricted stock unit grant, Matt Tuttle directly holds 418,747 shares of Cricut Class A common stock. This total includes the newly awarded 100,000-share grant, recorded as directly owned, and reflects his updated equity position reported in the Form 4.
Was Matt Tuttle’s Cricut (CRCT) Form 4 transaction an open-market buy or a grant?
The Form 4 shows a grant coded as an acquisition (code A), representing a restricted stock unit award. It is a compensation-related grant at a recorded price of 0.0000 per share, not an open-market stock purchase or sale on an exchange.