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Datavault AI (DVLT) director receives 250,000-share equity grant for board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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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)
  1. [object Object]
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
2018 Long-Term Stock Incentive Plan financial
"pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant")."
LTIP Shares financial
"250,000 shares (the "LTIP Shares") of common stock, par value $0.0001 per share"
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.
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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*
Gilbert Jeffrey M

(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$0.00581,566D
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/ Dr. Jeffery M. Gilbert06/26/2026
** 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 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.

How many Datavault AI (DVLT) shares were granted to the director and at what price?

The director was granted 250,000 shares of Datavault AI common stock at $0.00 per share. This indicates a compensation-related award, not an open-market purchase, reflecting equity-based remuneration for his role on the company’s board of directors.

What is the vesting schedule for the 250,000 Datavault AI (DVLT) LTIP Shares?

The 250,000 LTIP Shares vest in equal quarterly installments over one year. Vesting starts on the first to occur of March 20, June 20, September 20 or December 20 after the grant date, then continues on those dates while the director remains in service.

What is Gilbert Jeffrey M’s Datavault AI (DVLT) share ownership after this grant?

After this grant, Gilbert Jeffrey M directly holds 581,566 shares of Datavault AI common stock. This figure includes the 250,000-share award received as board compensation, subject to the one-year quarterly vesting schedule tied to his continued service.

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.