Director at Castle Biosciences (CSTL) granted 11,766 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cotton Rodney reported acquisition or exercise transactions in this Form 4 filing.
Castle Biosciences director Rodney Cotton received a grant of 11,766 Restricted Stock Units. Each RSU represents the right to receive one share of Castle Biosciences common stock. The RSUs vest in full on the earlier of May 28, 2027, or the day immediately before the next annual meeting of stockholders following the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cotton Rodney
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 11,766 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 11,766 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 28, 2027, or (b) the day immediately preceding the next Annual Meeting of Stockholders following the date of the grant.
Key Figures
RSU grant size: 11,766 units
Shares per RSU: 1 share per unit
Grant price: $0.0000 per unit
+2 more
5 metrics
RSU grant size
11,766 units
Restricted Stock Units granted to director Rodney Cotton
Shares per RSU
1 share per unit
Each RSU equals one share of common stock
Grant price
$0.0000 per unit
Compensation award, no purchase price paid
Units after grant
11,766 units
Total RSUs held by Cotton following this transaction
Vesting date trigger
May 28, 2027
Full vest or earlier day before next annual meeting
Key Terms
Restricted Stock Units, RSU, Annual Meeting of Stockholders, transaction code A
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.
RSU financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Annual Meeting of Stockholders financial
"the day immediately preceding the next Annual Meeting of Stockholders following the date of the grant"
transaction code A financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Castle Biosciences (CSTL) director Rodney Cotton report on this Form 4?
Rodney Cotton reported receiving 11,766 Restricted Stock Units as a compensation grant. These RSUs are a right to receive common shares in the future, subject to vesting conditions tied to time and the next annual stockholder meeting.
How many Restricted Stock Units did Rodney Cotton receive from Castle Biosciences (CSTL)?
He received 11,766 Restricted Stock Units. Each RSU corresponds to one share of Castle Biosciences common stock, so the award represents up to 11,766 shares if all vesting conditions are satisfied in the future.
When do Rodney Cotton’s Castle Biosciences (CSTL) RSUs vest?
The RSUs vest in full on the earlier of May 28, 2027, or the day immediately preceding the next Annual Meeting of Stockholders. This time-based vesting schedule links the award to Cotton’s continued board service.
What does each Restricted Stock Unit represent in the Castle Biosciences (CSTL) grant?
Each Restricted Stock Unit represents the right to receive one share of Castle Biosciences common stock. Shares are not issued immediately; they are delivered only if vesting requirements are met under the award terms.
Is Rodney Cotton’s Castle Biosciences (CSTL) RSU grant an open-market purchase or a compensation award?
It is a compensation award, not an open-market purchase. The Form 4 uses transaction code “A” for a grant or award acquisition, with no price paid per unit, indicating equity-based director compensation.