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 | $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
contingent right financial
Service Provider financial
2021 Equity Incentive Plan financial
vest financial
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