Forte Biosciences (NASDAQ: FBRX) director receives 18,353 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Doberstein Stephen K reported acquisition or exercise transactions in this Form 4 filing.
Forte Biosciences, Inc. director Stephen K. Doberstein received a grant of 18,353 Restricted Stock Units (RSUs) tied to the company’s common stock. Each RSU represents the right to receive one share of Forte Biosciences common stock.
All 18,353 RSUs will vest in a single installment on the date of the first annual meeting of stockholders that occurs after May 29, 2026, as long as Doberstein continues to serve as a “Service Provider” under the company’s 2021 Equity Incentive Plan through that date. After this award, he is reported as directly holding 18,353 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Doberstein Stephen K
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 units
RSU exercise price: $0.00 per unit
RSUs outstanding after grant: 18,353 units
3 metrics
RSUs granted
18,353 units
Restricted Stock Units awarded to director on May 29, 2026
RSU exercise price
$0.00 per unit
Grant/award acquisition with no purchase price
RSUs outstanding after grant
18,353 units
Total RSUs held directly following the reported transaction
Key Terms
Restricted Stock Units, Service Provider, 2021 Equity Incentive Plan, vesting
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.
Service Provider financial
"Subject to the Reporting Person's continuing as a Service Provider"
2021 Equity Incentive Plan financial
"as defined in the 2021 Equity Incentive Plan"
vesting financial
"one hundred percent (100%) of the RSUs subject to the award will vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Forte Biosciences (FBRX) disclose about Stephen Doberstein in this Form 4?
Forte Biosciences reported that director Stephen K. Doberstein received 18,353 Restricted Stock Units. These RSUs are a stock-based compensation award that can convert into shares of common stock if specific vesting conditions are met under the 2021 Equity Incentive Plan.
How many Forte Biosciences RSUs did Stephen Doberstein receive?
Stephen K. Doberstein received 18,353 Restricted Stock Units from Forte Biosciences. Each RSU corresponds to one share of the company’s common stock, providing equity-based compensation that aligns his interests with stockholders as the award vests over time based on continued service.
When do Stephen Doberstein’s Forte Biosciences RSUs vest?
All 18,353 RSUs vest on the date of the first annual meeting of Forte Biosciences stockholders after May 29, 2026. Vesting occurs only if Doberstein continues as a “Service Provider” under the 2021 Equity Incentive Plan through that annual meeting date.
What does each Forte Biosciences RSU granted to Stephen Doberstein represent?
Each RSU granted to Stephen K. Doberstein represents a contingent right to receive one share of Forte Biosciences common stock. The shares are delivered only after the RSUs vest, subject to his continued service through the specified future stockholder meeting.
Is Stephen Doberstein’s RSU grant in Forte Biosciences an open-market purchase or sale?
The 18,353 RSUs reported for Stephen K. Doberstein are a grant or award, not an open-market purchase or sale. The transaction code is “A,” indicating compensation-related acquisition rather than a discretionary market trade in Forte Biosciences shares.