FBRX Form 4: Paul Wagner Awarded 1,250 RSUs, Sells 98 Shares at $14.52
Rhea-AI Filing Summary
Paul A. Wagner, CEO, Secretary and Chair of Forte Biosciences, Inc. (FBRX), reported an award of 1,250 restricted stock units (RSUs) on 10/01/2025. Each RSU converts into one share of common stock at $0. The RSUs vest in 16 quarterly installments (one-sixteenth each) beginning on or immediately after February 1, 2023, subject to continued service under the 2021 Equity Incentive Plan. The report also shows a separate sale of 98 shares on 10/01/2025 at $14.52, leaving total beneficial ownership of 82,092 shares after the transactions.
Positive
- 1,250 RSUs awarded to a named insider, indicating ongoing executive alignment with shareholder interests
- RSUs vest over 16 quarterly installments, tying compensation to continued service under the 2021 Equity Incentive Plan
- Reporting person retains 82,092 shares after transactions
Negative
- None.
Insights
TL;DR: Insider received 1,250 RSUs with time-based vesting; holds 82,092 shares after a small sale.
The reporting shows a time-vested equity award rather than an immediate stock grant or cash purchase, indicating compensation tied to continued service under the 2021 Equity Incentive Plan. The RSUs convert at $0, meaning the award is a compensation vehicle that will issue shares upon vesting.
The filing also discloses a minor disposition of 98 shares at $14.52 on 10/01/2025, leaving the reporting person with 82,092 shares. The roles listed (CEO, Secretary and Chair) identify the reporter as a principal insider required to disclose Section 16 transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,250 | $0.00 | -- |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 98 | $14.52 | $1K |
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 continuing to be a Service Provider (as defined in the 2021 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the RSUs subject to the award shall vest on each Quarterly Vesting Date (as defined below) on or immediately following February 1, 2023. For purposes of this RSU Award, "Quarterly Vesting Date" with respect to any calendar year means January 1, April 1, July 1, and October 1.