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FG Nexus Inc. (FGNX) director granted 1,708 RSUs as equity fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Suh Ndamukong reported acquisition or exercise transactions in this Form 4 filing.

FG Nexus Inc. director Suh Ndamukong received a grant of 1,708 shares of common stock in the form of restricted stock units under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on the grant date, bringing directly held common stock to 17,210 shares and leaving an additional 10,373 unvested RSUs from an April 8, 2026 award that vest in five equal annual installments.

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Insider Suh Ndamukong
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,708 $0.00 --
Holdings After Transaction: Common Stock — 17,210 shares (Direct)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
RSUs granted 1,708 shares Restricted stock units granted as director fee payment in lieu of cash on July 10, 2026
Grant price $0.0000 per share Equity compensation award, not an open-market purchase
Shares held after grant 17,210 shares Total common stock directly held by Suh Ndamukong following the RSU grant
Unvested RSUs outstanding 10,373 units RSUs granted April 8, 2026 vesting in five equal annual installments
Vesting installments 5 annual installments Vesting schedule for the 10,373 RSUs beginning on the first anniversary of April 8, 2026 grant date
restricted stock units financial
"Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan"
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.
2021 Equity Incentive Plan financial
"granted under the 2021 Equity Incentive Plan as director fee payment"
director fee payment in lieu of cash financial
"RSUs granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash"
contingent right to receive one share financial
"Each RSU represents a contingent right to receive one share of common stock"
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FAQ

What insider transaction did FG Nexus Inc. (FGNX) report for Suh Ndamukong?

FG Nexus reported that director Suh Ndamukong received a grant of 1,708 restricted stock units of common stock as director fee payment in lieu of cash, with all of these RSUs vesting immediately on the grant date under the 2021 Equity Incentive Plan.

How many RSUs did Suh Ndamukong receive at FG Nexus (FGNX) and what do they represent?

Suh Ndamukong received 1,708 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of FG Nexus common stock, and in this grant all of the RSUs vested on the grant date as equity compensation.

How did the July 10, 2026 RSU grant affect Ndamukong's FG Nexus (FGNX) shareholdings?

After the July 10, 2026 grant, Suh Ndamukong directly held 17,210 shares of FG Nexus common stock. In addition, holdings include 10,373 unvested RSUs from an April 8, 2026 award that will convert into shares as they vest over time.

What is the vesting schedule for Suh Ndamukong's April 8, 2026 RSU grant at FG Nexus (FGNX)?

The April 8, 2026 award of 10,373 RSUs vests in five equal annual installments, starting on the first anniversary of the grant date, and each vested RSU entitles Ndamukong to receive one share of FG Nexus common stock, subject to continued service.

Was any cash paid for the RSUs granted to Suh Ndamukong at FG Nexus (FGNX)?

No cash was paid for this grant. The 1,708 RSUs were issued at a stated price of $0.0000 per share as director fee payment in lieu of cash, making the award a form of non-cash equity compensation under the company’s incentive plan.

Which equity plan governs Suh Ndamukong's RSU grants at FG Nexus (FGNX)?

Both the 1,708 RSU grant and the 10,373 unvested RSUs for Suh Ndamukong were issued under FG Nexus’s 2021 Equity Incentive Plan, which is used to provide equity-based compensation such as restricted stock units to directors.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Suh Ndamukong

(Last)(First)(Middle)
C/O FG NEXUS INC
6408 BANNINGTON RD

(Street)
CHARLOTTE NORTH CAROLINA 28226

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FG Nexus Inc. [ FGNX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/10/2026A1,708(1)A$017,210(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
2. Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
/s/ Ndamukong Suh07/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)