FJET director Brian Goldmeier converts 3,750 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Starfighters Space, Inc. director Brian Yale Goldmeier reported exercising restricted stock units into common stock. He converted 3,750 Restricted Stock Units into 3,750 shares of common stock at a stated price of $0.00 per share, a non-cash derivative exercise.
After the transactions, he directly holds 11,250 shares of common stock and 63,750 Restricted Stock Units. Footnotes explain that each Restricted Stock Unit represents one share of common stock and describe a detailed vesting schedule, with 50% vesting on June 16, 2026 and additional 5–25% portions vesting earlier if specified stock price conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,750 shares exercised/converted
Mixed
2 txns
Insider
Goldmeier Brian Yale
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,750 | $0.00 | -- |
| Exercise | Common Stock | 3,750 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 63,750 shares (Direct);
Common Stock — 11,250 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days starting December 18, 2025, 5% either June 16, 2026 or immediately if closing price is greater than $5.38 on any day, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting Feb. 16, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting March 18, 2026, 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting April 17, 2026, and 5% either on June 16, 2026 or immediately if closing price is greater than $5.38 for 10 consecutive trading days starting May 17, 2026.
Key Figures
RSUs exercised: 3,750 units
Common shares acquired: 3,750 shares
Common stock holdings: 11,250 shares
+4 more
7 metrics
RSUs exercised
3,750 units
Restricted Stock Units converted to common stock on April 2, 2026
Common shares acquired
3,750 shares
Common stock received from RSU exercise at $0.00 per share
Common stock holdings
11,250 shares
Direct common stock owned after the reported transactions
RSU holdings
63,750 units
Restricted Stock Units outstanding after the transactions
RSU vesting main tranche
50% on June 16, 2026
Primary time-based vesting date for half of the RSUs
Price-based vesting trigger
$17.95 closing price
25% vests if price exceeds $17.95 for 10 trading days from Dec 18, 2025
Additional price trigger
$5.38 closing price
Multiple 5% tranches vest on price conditions tied to $5.38
Key Terms
Restricted Stock Units, derivative security, vesting, closing price, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
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.
derivative security financial
"Transaction code "M" is described as an 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.
vesting financial
"The Restricted Stock Units vest as to 50% on June 16, 2026, 25% either June 16, 2026 or immediately if closing price is greater than $17.95..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
closing price financial
"25% either June 16, 2026 or immediately if closing price is greater than $17.95 for 10 consecutive trading days..."
consecutive trading days financial
"greater than $17.95 for 10 consecutive trading days starting December 18, 2025..."
FAQ
What insider transaction did FJET director Brian Yale Goldmeier report?
Brian Yale Goldmeier reported exercising restricted stock units into common shares. He converted 3,750 Restricted Stock Units into 3,750 shares of Starfighters Space, Inc. common stock at a stated price of $0.00 per share, reflecting a non-cash derivative exercise rather than an open-market purchase.
What are the key terms of the Restricted Stock Units reported for FJET?
Each Restricted Stock Unit represents the right to receive one share of Starfighters Space common stock at settlement. The RSUs vest over time, with portions vesting on June 16, 2026 and additional tranches vesting earlier if the stock’s closing price exceeds specified levels for defined trading-day periods.
How do the vesting conditions for FJET Restricted Stock Units work?
The RSUs vest 50% on June 16, 2026, with the remaining 50% split into multiple 5–25% tranches. These smaller portions can vest earlier if the closing price exceeds $17.95 or $5.38 for certain consecutive trading-day windows starting on specified 2025 and 2026 calendar dates.
What does a transaction code "M" mean in the FJET Form 4 filing?
Transaction code "M" indicates the exercise or conversion of a derivative security. In this FJET filing, it reflects the conversion of Restricted Stock Units into 3,750 shares of common stock, treated as an acquisition of shares through a derivative exercise rather than a standard stock market trade.