Director Helge Kristensen receives 250,000-share Datavault AI (DVLT) stock grant
Rhea-AI Filing Summary
Kristensen Helge reported acquisition or exercise transactions in this Form 4 filing.
Datavault AI Inc. director Helge Kristensen reported receiving an equity grant of 250,000 shares of common stock as compensation for board service under the company’s 2018 Long-Term Stock Incentive Plan. The shares were granted at $0.00 per share, reflecting a stock award rather than a market purchase.
According to the filing, these 250,000 shares are scheduled to vest in equal quarterly installments over one year, starting on the first of March 20, June 20, September 20 or December 20 after the grant date and then on each of those dates until fully vested, provided Kristensen continues serving on the board. Following this grant, Kristensen directly holds 581,566 shares of Datavault AI common stock.
Positive
- None.
Negative
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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
board of directors financial
vest in equal quarterly installments financial
grant/award acquisition financial
FAQ
What insider transaction did Datavault AI (DVLT) director Helge Kristensen report?
Is Helge Kristensen’s Datavault AI (DVLT) Form 4/A transaction a market purchase?
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