Datavault AI (DVLT) director receives 250,000-share equity grant under 2018 incentive plan
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
2018 Long-Term Stock Incentive Plan financial
vest financial
board of directors financial
FAQ
What insider transaction did Datavault AI (DVLT) report for David Marc Howitt?
What are David Marc Howitt’s Datavault AI (DVLT) holdings after this Form 4/A transaction?
Is this Datavault AI (DVLT) Form 4/A a market purchase or a compensation grant?
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