RSU vesting boosts holdings at Forte Biosciences (NASDAQ: FBRX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forte Biosciences director and officer Paul A. Wagner reported routine equity compensation activity. On July 1, 2026, he exercised restricted stock units to acquire 1,250 shares of Common Stock at a conversion price of $0.00 per share.
To cover tax obligations, 98 shares of Common Stock were disposed of in a tax-withholding transaction at $21.32 per share, which is not an open-market sale. After these transactions, Wagner directly owned 85,482 shares of Common Stock and 2,500 Restricted Stock Units, each RSU representing a contingent right to receive one share, subject to continued service and quarterly vesting under the 2021 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,250 shares exercised/converted
Mixed
3 txns
Insider
Wagner Paul A.
Role
SEE REMARKS
| 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 | $21.32 | $2K |
Holdings After Transaction:
Restricted Stock Units — 2,500 shares (Direct, null);
Common Stock — 85,580 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 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.
Key Figures
RSU exercise: 1,250 shares
Tax-withholding shares: 98 shares
Post-transaction holdings: 85,482 shares
+3 more
6 metrics
RSU exercise
1,250 shares
Common Stock acquired on July 1, 2026 via RSU conversion
Tax-withholding shares
98 shares
Common Stock disposed of at $21.32 per share for taxes
Post-transaction holdings
85,482 shares
Common Stock directly owned after transactions
Remaining RSUs
2,500 units
Restricted Stock Units outstanding after the reported exercise
Tax-withholding price
$21.32 per share
Value used for 98-share tax-withholding disposition
RSU conversion price
$0.00 per share
Exercise or conversion price for RSUs into Common Stock
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Quarterly Vesting Date, +1 more
5 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Quarterly Vesting Date financial
"one-sixteenth (1/16th) of the RSUs...shall vest on each Quarterly Vesting Date"
2021 Equity Incentive Plan financial
"Service Provider (as defined in the 2021 Equity Incentive Plan) through each applicable vesting date"
FAQ
What insider transactions did FBRX’s Paul A. Wagner report?
Paul A. Wagner reported exercising 1,250 restricted stock units into Forte Biosciences Common Stock and a related tax-withholding share disposition. These actions reflect equity compensation mechanics, not open-market buying or selling of existing holdings.
How do the Restricted Stock Units for FBRX vest over time?
Each Restricted Stock Unit represents a right to receive one Forte Biosciences share. Vesting occurs in 1/16th increments on Quarterly Vesting Dates—January 1, April 1, July 1, and October 1—if the reporting person remains a service provider.