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
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 890,501 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 840,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 300,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 94,913 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 299,940 | $0.00 | -- |
| Disposition | Common Stock | 1,457,700 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,457,700 | $0.00 | -- |
Footnotes (1)
- On October 29, 2025 (the "Closing Date"), the Issuer completed the transactions contemplated by the Business Combination Agreement, dated as of January 6, 2025 (the "Business Combination Agreement"), by and among the Issuer, The Walt Disney Company, and Hulu LLC (the "Transactions"). Pursuant to the Business Combination Agreement, on the Closing Date, the Issuer effected a conversion from a Florida corporation to a Delaware corporation (the "Conversion"). Upon effectiveness of the Conversion, each issued and outstanding share of Common Stock was automatically converted into an issued and outstanding share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"). Each restricted stock unit ("RSU") represents a contingent right to receive one share of FuboTV Inc. Class A Common Stock. The RSUs will vest as to one-third on the first anniversary of the Closing Date and as to the remaining two-thirds of the RSUs on the second anniversary of the Closing Date, in each case, subject to continued employment through the applicable vesting date or the Reporting Person's termination without cause or resignation for good reason. The Issuer previously granted the Reporting Person an award of RSUs that vest based on the Issuer's satisfaction of certain performance objectives. The earned performance RSUs will generally remain subject to time-based vesting through the original performance period (or, if earlier, the date of the executive's termination without cause or resignation for good reason), subject to the Reporting Person's continued employment through the applicable vesting date.
