Castle Biosciences (CSTL) director converts 13,667 RSUs into Common Stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CASTLE BIOSCIENCES INC director Rodney Cotton acquired shares through an equity award conversion. On May 22, 2026, he exercised Restricted Stock Units into 13,667 shares of Common Stock at a stated price of $0.00 per share.
Following this transaction, Cotton directly owned 32,998 shares of Common Stock. A corresponding derivative entry shows the 13,667 Restricted Stock Units converted into the same number of Common shares, leaving no RSUs from this grant outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,667 shares exercised/converted
Mixed
2 txns
Insider
Cotton Rodney
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,667 | $0.00 | -- |
| Exercise | Common Stock | 13,667 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 32,998 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Common Stock. The RSUs vest in full on the earlier of the (a) one-year anniversary of the date on May 22, 2026, or (b) the day immediately preceding the next Annual Meeting of Stockholders following the date of the grant.
Key Figures
RSUs exercised: 13,667 units
Shares acquired via RSU conversion: 13,667 shares
Post-transaction holdings: 32,998 shares
+1 more
4 metrics
RSUs exercised
13,667 units
Restricted Stock Units converted into Common Stock on May 22, 2026
Shares acquired via RSU conversion
13,667 shares
Common Stock received from RSU exercise on May 22, 2026
Post-transaction holdings
32,998 shares
Common Stock directly owned by Rodney Cotton after transaction
RSU to share ratio
1 RSU : 1 share
Each RSU represents the right to receive one Common share
Key Terms
Restricted Stock Units, Common Stock, Exercise or conversion of derivative security, Annual Meeting of Stockholders
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
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.
Common Stock financial
"receive one share of the Issuer's Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
Annual Meeting of Stockholders financial
"the day immediately preceding the next Annual Meeting of Stockholders"
FAQ
What did CSTL director Rodney Cotton report in this Form 4?
Rodney Cotton reported an equity award conversion, exercising Restricted Stock Units into 13,667 shares of Castle Biosciences Common Stock. This increased his directly held Common Stock position while eliminating the corresponding RSU derivative position from this particular grant.
Was Rodney Cotton’s CSTL transaction a market purchase or sale?
The transaction was not a market purchase or sale. It is coded "M" on the Form 4, indicating an exercise or conversion of derivative securities, specifically Restricted Stock Units, into Common Stock at a stated price of $0.00 per share.
What do the Restricted Stock Units in this CSTL Form 4 represent?
Each Restricted Stock Unit represents the right to receive one share of Castle Biosciences Common Stock. In this filing, 13,667 RSUs were exercised and converted into 13,667 Common shares, and the RSU balance from this grant was reduced to zero.