Stock awards to Datavault AI (DVLT) CEO and spouse vest through 2029
Rhea-AI Filing Summary
BRADLEY NATHANIEL T reported acquisition or exercise transactions in this Form 4 filing.
Datavault AI Inc. insider Nathaniel Bradley, the Chief Executive Officer and a director, reported stock-based compensation awards for himself and his spouse. He received 2,588,235 LTIP Shares of common stock as compensation for his board and officer service under the 2018 Long-Term Stock Incentive Plan.
Bradley’s spouse, employee Sonia Choi, received 1,213,236 LTIP Shares under the same plan. Both awards vest in equal installments on March 20, June 20, September 20, and December 20 from September 20, 2026 through September 20, 2029, subject to continued service. After these entries, Bradley holds 10,906,188 shares directly, 5,654,483 shares indirectly through his spouse, and 12,109,002 shares indirectly via EOS Technology Holdings Inc., while disclaiming beneficial ownership of certain indirect holdings beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,588,235 | $0.00 | -- |
| Grant/Award | Common Stock | 1,213,236 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 2,588,235 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received by Nathaniel Bradley ("Mr. Bradley") as compensation for Mr. Bradley's service as a member of the issuer's board of directors and as an officer 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 installments, beginning on September 20, 2026 and ending on September 20, 2029, on each March 20th, June 20th, September 20th and December 20th, so long as the reporting person remains in the service of the issuer on each such date. 1,213,236 LTIP Shares of the issuer were received by Mr. Bradley's spouse, Sonia Choi ("Ms. Choi"), as compensation for Ms. Choi's service as an employee of the issuer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan. The LTIP Shares associated with the Grant are scheduled to vest in equal installments, from the period from September 20, 2026 and ending on September 20, 2029, on each March 20th, June 20th, September 20th and December 20th, so long as Ms. Choi remains in the service of the issuer on each such date. Mr. Bradley disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 of the Exchange Act or for any other purposes.