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Datavault AI (DVLT) director receives 250,000-share equity grant under 2018 incentive plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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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)
  1. [object Object]
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
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.
common stock, par value $0.0001 per share financial
"shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer"
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Howitt David Marc

(Last)(First)(Middle)
C/O DATAVAULT AI INC., ONE COMMERCE SQ.,
2005 MARKET STREET, SUITE 2400

(Street)
PHILADELPHIA PENNSYLVANIA 19103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Datavault AI Inc. [ DVLT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
04/22/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/20/2026A250,000(1)A$0.00561,909D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 250,000 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received as compensation for the reporting person's service as a member of the issuer's board of directors pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). The LTIP Shares associated with the Grant are scheduled to vest in equal quarterly installments over one year, beginning on the first to occur of March 20th, June 20th, September 20th or December 20th after the Grant Date and thereafter on each March 20th, June 20th, September 20th and December 20th until fully vested, so long as the reporting person remains in the service of the issuer on each such date.
Remarks:
This Form 4/A is being filed to correct the vesting terms of the restricted shares previously reported by the Reporting Person. Due to a scrivener's error, the Reporting Person's prior Form 4 reported that the shares vest quarterly over a three-year period. The shares instead vest in equal quarterly installments over one year, as described in Footnote 1. No other changes have been made to the original Form 4.
/s/ David Marc Howitt06/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many Datavault AI (DVLT) shares did David Marc Howitt receive in this Form 4/A?

David Marc Howitt received 250,000 shares of Datavault AI common stock in this award. The filing identifies the transaction code as an acquisition grant and notes that the shares were issued as part of the company’s 2018 Long-Term Stock Incentive Plan for board service.

What is the vesting schedule for David Marc Howitt’s 250,000 Datavault AI (DVLT) shares?

The 250,000 shares vest in equal quarterly installments over one year. Vesting starts on the first March 20, June 20, September 20 or December 20 after the grant date, and then on each of those dates, provided he continues serving the company.

Did David Marc Howitt pay cash for the Datavault AI (DVLT) shares granted in this filing?

The shares were granted at a reported price of $0.0000 per share, indicating no cash payment was required. They were received as equity compensation for his role on the board under the 2018 Long-Term Stock Incentive Plan.

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.