Director at Forte Biosciences (NASDAQ: FBRX) awarded 18,353 RSUs as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brun Scott C. reported acquisition or exercise transactions in this Form 4 filing.
Forte Biosciences, Inc. director Scott C. Brun reported receiving a grant of 18,353 restricted stock units (RSUs) tied to the company’s common stock. Each RSU represents a contingent right to receive one share of Forte common stock.
The award vests in full at the first annual stockholder meeting that occurs after May 29, 2026, as long as Brun continues serving as a “Service Provider” under the company’s 2021 Equity Incentive Plan through that date. Following this grant, he holds 18,353 RSUs directly, reflecting equity-based compensation rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brun Scott C.
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
Underlying common shares: 18,353 shares
Post‑grant RSU holdings: 18,353 units
3 metrics
RSUs granted
18,353 units
Restricted stock units awarded on May 29, 2026
Underlying common shares
18,353 shares
Each RSU equals one share of common stock
Post‑grant RSU holdings
18,353 units
Total RSUs held following this transaction
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, Service Provider, Grant, award, or other acquisition
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.
2021 Equity Incentive Plan financial
"Service Provider (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"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Forte Biosciences (FBRX) director Scott C. Brun report on this Form 4?
Scott C. Brun reported receiving a grant of 18,353 restricted stock units (RSUs) tied to Forte Biosciences common stock. This is an equity compensation award, not an open-market stock purchase or sale, and is recorded as a derivative transaction on the Form 4.
How many Forte Biosciences (FBRX) RSUs did Scott C. Brun receive?
Scott C. Brun received 18,353 restricted stock units. Each RSU represents a contingent right to receive one share of Forte Biosciences common stock, giving him potential future ownership if vesting conditions specified in the award are satisfied.
When do Scott C. Brun’s Forte Biosciences (FBRX) RSUs vest?
All 18,353 RSUs vest on the date of the first annual meeting of stockholders occurring after May 29, 2026. Vesting is conditioned on Brun continuing as a Service Provider, as defined under Forte Biosciences’ 2021 Equity Incentive Plan, through that meeting date.
Is Scott C. Brun’s Form 4 for Forte Biosciences (FBRX) a stock purchase or sale?
The Form 4 reflects an award of restricted stock units, not a stock purchase or sale. The transaction code is “A,” indicating a grant or award acquisition of 18,353 RSUs as compensation, with no open-market trading activity reported in this filing.
What does each Forte Biosciences (FBRX) restricted stock unit represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of Forte Biosciences common stock. The units convert into shares only if the vesting condition—continued service through the specified post–May 29, 2026 annual stockholder meeting—is satisfied by the reporting person.