Forte Biosciences (FBRX) director awarded 18,353 restricted stock units in equity grant
Rhea-AI Filing Summary
Forte Biosciences director Shivpreet Singh Kapoor received a grant of 18,353 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Forte Biosciences, Inc. common stock. The award was granted at no exercise price as equity compensation.
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, provided Kapoor continues to serve as a Service Provider under the company’s 2021 Equity Incentive Plan through that date. Following this grant, Kapoor directly holds 18,353 RSUs tied to an equal number of underlying common shares.
Positive
- None.
Negative
- None.
Insights
Director received time-based RSU grant as standard equity compensation.
The filing shows director Shivpreet Singh Kapoor received 18,353 RSUs in Forte Biosciences at an exercise price of $0.00, a typical structure for restricted stock units used in director and executive compensation plans.
The RSUs vest 100% on the first annual stockholder meeting after May 29, 2026, contingent on continued service as a Service Provider under the 2021 Equity Incentive Plan. This is a single time-based vesting event, and no remaining derivative positions are reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18,353 | $0.00 | -- |
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.