Cytokinetics (CYTK) grants 87,297 RSUs to new legal chief officer
Cytokinetics, Inc. (CYTK) reported an equity award to its Chief Legal & Admin Officer, Mr. Hessekiel.
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Rhea-AI Filing Summary
Cytokinetics, Inc. (CYTK) reported an equity award to its Chief Legal & Admin Officer, Mr. Hessekiel. On 11/14/2025, he received an initial new hire grant of 87,297 restricted stock units (RSUs) of common stock at a price of $0 per share, all held as direct ownership after the transaction.
The RSUs convert into common stock on a 1:1 basis as they vest. The vesting schedule is staggered over three years: 40% of the RSUs vest one year from the grant date, another 40% vest two years from the grant date, and the remaining 20% vest three years from the grant date, in each case conditioned on his continued employment with Cytokinetics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87,297 | $0.00 | $0.00 |
Footnotes (1)
- F1. Initial new hire grant comprised of restricted stock units ("RSUs") that are convertible to shares of common stock on a 1:1 basis upon vesting. RSUs will vest as follows: 40% of the aggregate RSUs on the date falling 1-year from the date of grant, an additional 40% of the aggregate RSUs on the date falling 2-years from the date of grant, and the remaining 20% of the aggregate RSUs on the date falling 3-years from the date of grant, in each case subject to Mr. Hessekiel's continued employment with Cytokinetics.
FAQ
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What did Cytokinetics (CYTK) disclose in this Form 4 filing?
Cytokinetics disclosed that its Chief Legal & Admin Officer, Mr. Hessekiel, received an initial new hire grant of 87,297 restricted stock units (RSUs) of common stock on 11/14/2025.
What is the vesting schedule for the 87,297 Cytokinetics (CYTK) RSUs?
The RSUs vest in three tranches: 40% one year from the grant date, an additional 40% two years from the grant date, and the final 20% three years from the grant date, subject to continued employment.
What role does the reporting person hold at Cytokinetics (CYTK)?
The reporting person serves as Chief Legal & Admin Officer of Cytokinetics and filed this Form 4 as an officer of the company.
Are the Cytokinetics (CYTK) RSUs subject to any employment conditions?
Yes. Each vesting tranche of the RSUs is conditioned on Mr. Hessekiel’s continued employment with Cytokinetics through the applicable vesting dates.
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