Datavault AI (DVLT) director receives 250,000-share equity grant under 2018 incentive plan
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Howitt David Marc reported acquisition or exercise transactions in this Form 4 filing.
Datavault AI Inc. director David Marc Howitt received a grant of 250,000 shares of common stock as compensation for his service on the board, under the company’s 2018 Long-Term Stock Incentive Plan. The shares were awarded at no cash cost per share.
The 250,000 shares are scheduled to vest in equal quarterly installments over one year, beginning on the first to occur of March 20, June 20, September 20 or December 20 after the grant date, and then on each of those dates until fully vested, as long as he remains in service. Following this grant, his reported direct holdings total 561,909 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Howitt David Marc
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 561,909 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 250,000 shares
Grant price per share: $0.0000 per share
Holdings after grant: 561,909 shares
+1 more
4 metrics
Equity grant size
250,000 shares
Common stock award to director as compensation
Grant price per share
$0.0000 per share
Reported transaction price for awarded common stock
Holdings after grant
561,909 shares
Total direct common stock holdings following transaction
Vesting period
1 year
Quarterly vesting over one year from first scheduled date
Key Terms
2018 Long-Term Stock Incentive Plan, vest, board of directors, common stock, par value $0.0001 per share
4 terms
2018 Long-Term Stock Incentive Plan financial
"pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant")."
vest financial
"The LTIP Shares associated with the Grant are scheduled to vest in equal quarterly installments"
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.
board of directors financial
"received as compensation for the reporting person's service as a member of the issuer's board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Datavault AI (DVLT) report for David Marc Howitt?
Datavault AI reported that director David Marc Howitt received 250,000 shares of common stock as compensation under the 2018 Long-Term Stock Incentive Plan. The award is structured as an equity grant rather than a cash payment for his board service.
What are David Marc Howitt’s Datavault AI (DVLT) holdings after this Form 4/A transaction?
After the grant, David Marc Howitt’s reported direct holdings total 561,909 shares of Datavault AI common stock. This figure reflects his position immediately following the 250,000-share equity award disclosed in the Form 4/A filing.
Is this Datavault AI (DVLT) Form 4/A a market purchase or a compensation grant?
This Form 4/A reflects a compensation grant, not a market purchase. The 250,000 shares of common stock were awarded as a grant for board service under the 2018 Long-Term Stock Incentive Plan, with no cash price per share indicated.