Forte Biosciences grants 18,353 RSUs to director
Kornfeld Steven reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18,353 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Forte Biosciences, Inc. (the "Issuer") Common Stock.
- F2. 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
Key Terms
Restricted Stock Units financial
RSU financial
2021 Equity Incentive Plan financial
Service Provider financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Forte Biosciences (FBRX) director Steven Kornfeld report on this Form 4?
How many Forte Biosciences (FBRX) RSUs were granted to Steven Kornfeld?
What are the vesting conditions for Steven Kornfeld’s Forte Biosciences (FBRX) RSUs?
What does each Forte Biosciences (FBRX) RSU in this grant represent?
How many Forte Biosciences (FBRX) securities does Steven Kornfeld hold after this RSU grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.