FUBO insider update: 1,457,700-share conversion and new RSU grants
Rhea-AI Filing Summary
FuboTV (FUBO) insider update: the Chief Operating Officer reported equity changes tied to the company’s October 29, 2025 closing of transactions under a Business Combination Agreement with The Walt Disney Company and Hulu LLC. In connection with a corporate conversion to Delaware, 1,457,700 shares of Common Stock were converted into 1,457,700 shares of Class A Common Stock.
The filing also reports RSU awards. One grant covers 890,501 RSUs, vesting one‑third on the first anniversary of the closing date and the remaining two‑thirds on the second anniversary, subject to continued employment or certain terminations. Additional performance‑based RSUs were recorded in amounts of 840,000, 300,000, 94,913, and 299,940, which remain subject to time‑based vesting as described.
Positive
- None.
Negative
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Insights
Administrative share conversion and RSU reporting; neutral impact.
The COO’s Form 4 shows a one‑for‑one conversion of 1,457,700 shares from Common Stock to Class A Common Stock tied to a reorganization step at closing. This is a structural change rather than a market transaction and does not itself imply cash proceeds or valuation effects.
RSU entries include a 890,501‑unit grant with time‑based vesting at the first and second anniversaries. Additional performance‑earned RSUs (840,000; 300,000; 94,913; 299,940) continue to vest over time per the plan conditions. Actual share delivery depends on continued employment or specified termination provisions.
Overall, this filing records equity administration around a corporate milestone. Any effect on share count depends on vesting and settlement of RSUs going forward.