Datavault AI (DVLT) director awarded 250,000-share LTIP grant with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
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 shares were granted at $0.00 per share and increase his direct holdings to 581,566 shares.
The 250,000 granted shares are scheduled to vest in equal installments on March 20, June 20, September 20 and December 20 of each year, beginning on September 20, 2026 and ending on September 20, 2029, as long as he continues serving the company.
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
Share grant size: 250,000 shares
Grant price per share: $0.00 per share
Total holdings after grant: 581,566 shares
+2 more
5 metrics
Share grant size
250,000 shares
Common stock award under 2018 Long-Term Stock Incentive Plan
Grant price per share
$0.00 per share
Equity compensation grant, not open-market purchase
Total holdings after grant
581,566 shares
Director’s direct common stock ownership following transaction
Vesting start date
September 20, 2026
First vesting date for LTIP shares, subject to continued service
Vesting end date
September 20, 2029
Final vesting date for LTIP grant installments
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
"The LTIP Shares associated with the Grant are scheduled to vest in equal 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.
FAQ
What insider transaction did Datavault AI (DVLT) report for Gilbert Jeffrey M?
Datavault AI reported that director Gilbert Jeffrey M received a grant of 250,000 common shares as compensation. The award was issued at $0.00 per share under the 2018 Long-Term Stock Incentive Plan, increasing his direct holdings to 581,566 shares after the transaction.
Is the Datavault AI (DVLT) director grant an open-market purchase or a compensation award?
The transaction is a compensation award, not an open-market purchase. The filing labels it as a grant or award acquisition at $0.00 per share, given for service on Datavault AI’s board, with vesting spread over multiple years under the 2018 Long-Term Stock Incentive Plan.