BOXABL director discloses RSU-based share holdings
BOXABL Inc. director Davis Morris A. reports initial beneficial ownership consisting entirely of restricted stock units linked to 24,352 underlying shares of Class A common stock, with no Class A common shares held directly.
Rhea-AI Filing Summary
BOXABL Inc. director Davis Morris A. reports initial beneficial ownership consisting entirely of restricted stock units linked to 24,352 underlying shares of Class A common stock, with no Class A common shares held directly.
The RSUs were granted for no consideration, become eligible to vest in four installments every three months starting three months after the effective grant date of January 1, 2026, and may vest earlier upon death or disability, a Change of Control, or expiration of the IPO lock-up period; unvested RSUs are forfeited if board service ends for other reasons.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Davis Morris A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F3, F1, F2 | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 24,352 contracts (Direct);
Class A Common Stock, par value $0.0001 — 0 shares (Direct)
Footnotes (3)
- F1. The RSU were granted with an effective grant date of January 1, 2026, become eligible to vest in four installments every three months beginning on the three-month anniversary of the effective grant date and vest upon the earliest of (i) termination due to death or disability, (ii) a Change of Control, and (iii) upon the expiration of the lock up period for an initial underwritten sale of equity securities.
- F2. If, prior to the RSUs vesting, the Reporting Person's service as a director terminates for any reason other than death or disability, the Reporting Person will forfeit all RSUs, including all RSUs that have become eligible to vest but have not vested (as discussed in Note 1 above) and the Restricted Stock Unit Agreement will be cancelled.
- F3. Each RSU represents the right to receive, upon vesting, approximately 0.078 of a share of Class A Common Stock of BOXABL Inc. The RSUs were received by the Reporting Person as a grant for no consideration.
Key Figures
Underlying shares for RSUs: 24,352 shares
Class A common shares held: 0 shares
RSU effective grant date: January 1, 2026
+2 more
5 metrics
Underlying shares for RSUs
24,352 shares
Underlying Class A common shares represented by the director’s RSUs held directly
Class A common shares held
0 shares
Direct Class A common stock holdings reported following the Form 3
RSU effective grant date
January 1, 2026
Effective grant date for the director’s restricted stock unit award
Vesting installments
4 installments
RSUs become eligible to vest in four installments every three months
RSU share ratio
0.078 share per RSU
Each RSU represents the right to receive approximately 0.078 share of Class A stock upon vesting
Key Terms
Restricted Stock Units, Change of Control, lock up period
3 terms
Restricted Stock Units financial
"The RSU were granted with an effective grant date of January 1, 2026"
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.
Change of Control financial
"(ii) a Change of Control, and (iii) upon the expiration of the lock up period"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
lock up period financial
"(iii) upon the expiration of the lock up period for an initial underwritten sale"
A lock up period is a set timeframe after a company’s stock becomes publicly tradable during which certain shareholders (often company insiders, early investors, or employees) are contractually barred from selling their shares. It matters to investors because the end of that period can release a large number of shares into the market, like unlocking a storage unit, which can increase supply and potentially push the stock price down or change trading dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the reporting insider for FGMC at BOXABL Inc. in this Form 3?
The reporting insider is Davis Morris A., who serves as a director of BOXABL Inc. He reports beneficial ownership through restricted stock units rather than direct holdings of Class A common stock.
What is the grant date and vesting schedule of the RSUs reported for FGMC?
The RSUs have an effective grant date of January 1, 2026 and become eligible to vest in four installments every three months, beginning on the three-month anniversary of that grant date.
Under what conditions can the RSUs for FGMC at BOXABL vest earlier than scheduled?
The RSUs may vest upon the earliest of termination due to death or disability, a Change of Control of BOXABL Inc., or expiration of the lock-up period for an initial underwritten equity offering.
What happens to the RSUs if the BOXABL director for FGMC leaves the board?
If the director’s service ends for any reason other than death or disability before vesting, all RSUs are forfeited, including those already eligible to vest, and the Restricted Stock Unit Agreement is cancelled.
AI-generated analysis. How Rhea-AI works. Not financial advice.
