Edesa Biotech (EDSA) president awarded 64,609 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brooks Michael J reported acquisition or exercise transactions in this Form 4 filing.
Edesa Biotech, Inc. President Michael J. Brooks reported an equity compensation award. He received 64,609 Common Shares in the form of restricted share units granted at a price of $0.00 per share under the company’s 2019 Equity Incentive Compensation Plan. These restricted share units vest monthly in equal portions over thirty-six months starting on the grant date of May 27, 2026. Following this award, Brooks directly holds a total of 291,479 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brooks Michael J
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 64,609 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 291,479 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 64,609 shares
Grant price: $0.00 per share
Total shares after grant: 291,479 shares
+2 more
5 metrics
RSU grant size
64,609 shares
Restricted share units granted on May 27, 2026
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Total shares after grant
291,479 shares
Common Shares directly held by Michael J. Brooks after transaction
Vesting schedule
36 months, monthly
RSUs vest monthly in equal portions over 36 months
Transaction type
Grant, award, or other acquisition
Form 4 code A, non-derivative Common Shares
Key Terms
restricted share units, 2019 Equity Incentive Compensation Plan, vest monthly in equal proportions, Form 4
4 terms
2019 Equity Incentive Compensation Plan financial
"restricted share units issued pursuant to the Issuer's 2019 Equity Incentive Compensation Plan"
vest monthly in equal proportions financial
"which shall vest monthly in equal proportions over thirty-six (36) months"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Edesa Biotech (EDSA) report for Michael J. Brooks?
Edesa Biotech reported that President Michael J. Brooks received 64,609 Common Shares as a restricted share unit grant. The award was made at $0.00 per share as equity compensation under the company’s 2019 Equity Incentive Compensation Plan.
Was cash involved in the Edesa Biotech (EDSA) equity grant to its president?
No cash changed hands in this transaction. The 64,609 Common Shares were granted at a price of $0.00 per share as a restricted share unit award, reflecting stock-based compensation rather than an open-market purchase or sale.