Director Jessica Grossman gets 26,066 RSUs at Dare Bioscience (NASDAQ: DARE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grossman Jessica D. reported acquisition or exercise transactions in this Form 4 filing.
Dare Bioscience director Jessica D. Grossman received an equity grant instead of cash fees for her board service. She was awarded 26,066 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share.
Each restricted stock unit represents a right to receive one Dare Bioscience share when it vests. All 26,066 units vest on January 4, 2027, and this grant brings her directly held position from this award to 26,066 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grossman Jessica D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 26,066 | $0.00 | -- |
Holdings After Transaction:
Common stock — 26,066 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 26,066 shares
Grant price: $0.00 per share
Post-transaction holdings: 26,066 shares
+1 more
4 metrics
RSU grant size
26,066 shares
Restricted stock units granted for board service
Grant price
$0.00 per share
Stated price for RSU award
Post-transaction holdings
26,066 shares
Shares held directly after this RSU grant
Vesting date
January 4, 2027
RSUs fully vest on this date
Key Terms
restricted stock units ("RSU"), contingent right, vests
3 terms
restricted stock units ("RSU") financial
"Represents shares underlying restricted stock units ("RSU") granted to the reporting person in lieu of cash compensation"
contingent right financial
"Each RSU represents a contingent right to receive one share when vested."
vests financial
"The RSUs vests on January 4, 2027."
FAQ
What did Dare Bioscience (DARE) director Jessica Grossman receive in this Form 4?
Jessica D. Grossman received 26,066 restricted stock units as equity compensation for serving on Dare Bioscience’s board and committees. Each unit converts into one share of common stock when it vests, giving her a future ownership stake instead of cash fees.
What is the vesting schedule for Jessica Grossman’s Dare Bioscience (DARE) RSUs?
The 26,066 restricted stock units vest on January 4, 2027. Vesting means the units convert into actual Dare Bioscience shares that she can own, subject to any applicable company policies or restrictions remaining after that vesting date.
Why did Dare Bioscience (DARE) grant RSUs instead of cash to Jessica Grossman?
The footnote explains the RSUs were granted in lieu of cash compensation for her board and committee service. This structure compensates her with potential future shares, aligning part of her compensation with Dare Bioscience’s stock performance over time.