Forte Biosciences (FBRX) awards 18,353 RSUs to director Steven Kornfeld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kornfeld Steven reported acquisition or exercise transactions in this Form 4 filing.
Forte Biosciences, Inc. director Steven Kornfeld received a grant of restricted stock units as equity compensation. He was awarded 18,353 RSUs, each representing one share of common stock at a price of $0.00 per unit. Following this award, he holds 18,353 RSUs directly.
According to the grant terms, 100% of these RSUs will vest on the date of the first annual stockholder meeting that occurs after May 29, 2026, provided he continues as a Service Provider under the company’s 2021 Equity Incentive Plan through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kornfeld Steven
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18,353 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 18,353 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Forte Biosciences, Inc. (the "Issuer") Common Stock. Subject to the Reporting Person's continuing as a Service Provider (as defined in the 2021 Equity Incentive Plan) through such date, one hundred percent (100%) of the RSUs subject to the award will vest on the date of the first annual meeting of the stockholders that occurs after May 29, 2026.
Key Figures
RSUs granted: 18,353 RSUs
Grant price per RSU: $0.00 per unit
Underlying common shares: 18,353 shares
+2 more
5 metrics
RSUs granted
18,353 RSUs
Grant of restricted stock units on May 29, 2026
Grant price per RSU
$0.00 per unit
RSU award to director Kornfeld
Underlying common shares
18,353 shares
Each RSU equals one share of common stock
Holdings after transaction
18,353 RSUs
Total RSUs held directly following the award
Vesting timing
First annual meeting after May 29, 2026
100% of RSUs vest on that meeting date if service continues
Key Terms
Restricted Stock Units, RSU, 2021 Equity Incentive Plan, Service Provider
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2021 Equity Incentive Plan financial
"as defined in the 2021 Equity Incentive Plan) through such date"
Service Provider financial
"Subject to the Reporting Person's continuing as a Service Provider"
FAQ
What did Forte Biosciences (FBRX) director Steven Kornfeld report on this Form 4?
Steven Kornfeld reported receiving a grant of 18,353 restricted stock units from Forte Biosciences as equity compensation. Each RSU corresponds to one share of common stock and was granted at a price of zero dollars per unit, reflecting a standard stock-based award.
How many Forte Biosciences (FBRX) RSUs were granted to Steven Kornfeld?
Steven Kornfeld was granted 18,353 restricted stock units by Forte Biosciences. Each RSU represents a contingent right to receive one share of Forte common stock, giving him 18,353 underlying shares if all units ultimately vest under the award terms.
What are the vesting conditions for Steven Kornfeld’s Forte Biosciences (FBRX) RSUs?
All 18,353 RSUs vest in a single installment on the date of the first annual stockholder meeting after May 29, 2026. Vesting requires that Kornfeld continue as a Service Provider under Forte’s 2021 Equity Incentive Plan through that vesting date.
What does each Forte Biosciences (FBRX) RSU in this grant represent?
Each restricted stock unit represents a contingent right to receive one share of Forte Biosciences common stock. The units have a stated grant price of zero dollars, reflecting that they are compensation-based awards rather than shares purchased in the open market.
How many Forte Biosciences (FBRX) securities does Steven Kornfeld hold after this RSU grant?
After this RSU grant, Steven Kornfeld holds 18,353 restricted stock units directly. These RSUs are derivative securities tied to Forte Biosciences common stock and will convert into the same number of shares if the vesting conditions are fully satisfied.