Datavault AI (DVLT) director receives 250,000-share equity grant for board service
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Gilbert Jeffrey M reported acquisition or exercise transactions in this Form 4 filing.
Datavault AI Inc. director Gilbert Jeffrey M received a grant of 250,000 shares of common stock as compensation for board service under the company’s 2018 Long-Term Stock Incentive Plan. The LTIP Shares were granted at $0.00 per share and 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 continues serving the company. Following this award, he directly holds 581,566 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gilbert Jeffrey M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 581,566 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 250,000 shares
Grant price per share: $0.00 per share
Post-grant holdings: 581,566 shares
+1 more
4 metrics
Equity grant size
250,000 shares
Common Stock award for board service
Grant price per share
$0.00 per share
Compensation-related stock grant, not market purchase
Post-grant holdings
581,566 shares
Total Datavault AI common shares held directly after grant
Vesting period
1 year
LTIP Shares vest in equal quarterly installments over one year
Key Terms
2018 Long-Term Stock Incentive Plan, LTIP Shares, vest, board of directors
4 terms
2018 Long-Term Stock Incentive Plan financial
"pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant")."
vest financial
"are scheduled to vest in equal quarterly installments over one year"
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 did Datavault AI (DVLT) director Gilbert Jeffrey M report on this Form 4/A?
He reported receiving 250,000 shares of Datavault AI common stock as compensation for serving on the board. These shares were granted under the company’s 2018 Long-Term Stock Incentive Plan and increase his direct holdings to 581,566 shares of common stock.
Is the Datavault AI (DVLT) Form 4/A transaction a market buy or a compensation award?
The transaction is a compensation award, not a market buy. The 250,000 Datavault AI shares were received at $0.00 per share under the 2018 Long-Term Stock Incentive Plan as consideration for board service, with vesting over one year in quarterly installments.