FG Nexus Inc. (FGNX) director granted 1,708 RSUs as equity fees
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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)
- 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.
Key Figures
RSUs granted: 1,708 shares
Grant price: $0.0000 per share
Shares held after grant: 17,210 shares
+2 more
5 metrics
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
Key Terms
restricted stock units, 2021 Equity Incentive Plan, director fee payment in lieu of cash, contingent right to receive one share
4 terms
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"
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.
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.