Director at Green Dot (NYSE: GDOT) granted 17,496 RSUs linked to merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RICHEY ELLEN reported acquisition or exercise transactions in this Form 4 filing.
Green Dot Corp director Ellen Richey received an equity award of 17,496 shares of Class A Common Stock in the form of restricted stock units (RSUs). The RSUs are scheduled to vest in full on the first anniversary of the grant date.
Vesting will accelerate or be prorated if the merger transactions under the Agreement and Plan of Merger among Green Dot, CommerceOne Financial Corporation and others close before that anniversary. After this award, Richey directly holds 91,965 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RICHEY ELLEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,496 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 91,965 shares (Direct, null)
Footnotes (1)
- Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest as to all underlying shares on the first anniversary of the date of grant, with vesting to accelerate upon the occurrence of the closing of the transactions (the "Closing") contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation ("CommerceOne") and certain other parties thereto, dated as of November 23, 2025 (the "Merger Agreement") prior to such date; provided, however, that in the event the Closing occurs prior to the first anniversary of the date of grant, the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product of the total number of RSUs subject to such award multiplied by a fraction, the numerator of which is the number of days elapsed from the date of grant through and including the date of the Closing, and the denominator of which is 365. (Continued from footnote 1) To the extent reporting person continues in service with CommerceOne or its affiliates following the Closing, the remaining portion of the RSUs shall be treated as an Unvested Green Dot RSU Award in accordance with the Merger Agreement.
Key Figures
RSU grant size: 17,496 shares
Grant price: $0.00 per share
Post-transaction holdings: 91,965 shares
3 metrics
RSU grant size
17,496 shares
Class A Common Stock RSU award to director Ellen Richey
Grant price
$0.00 per share
Compensation grant, not an open-market purchase
Post-transaction holdings
91,965 shares
Total Class A Common Stock directly owned after grant
Key Terms
restricted stock unit ("RSU"), Agreement and Plan of Merger, Merger Agreement, Unvested Green Dot RSU Award
4 terms
restricted stock unit ("RSU") financial
"Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest..."
Agreement and Plan of Merger regulatory
"contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Agreement regulatory
"dated as of November 23, 2025 (the "Merger Agreement") prior to such date..."
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Unvested Green Dot RSU Award financial
"the remaining portion of the RSUs shall be treated as an Unvested Green Dot RSU Award in accordance with the Merger Agreement."
FAQ
What did Green Dot (GDOT) director Ellen Richey report in this Form 4?
Ellen Richey reported receiving 17,496 restricted stock units representing Class A Common Stock of Green Dot as a grant. The award is compensation, not an open-market purchase or sale, and increases her direct holdings to 91,965 shares after the transaction.
At what price were Ellen Richey’s Green Dot RSUs granted?
The RSU award is recorded at a per‑share transaction price of $0.00, reflecting a compensation grant rather than a purchase. Value to Richey depends on Green Dot’s share price when the restricted stock units ultimately vest and convert into common shares.
When do Ellen Richey’s Green Dot (GDOT) RSUs vest?
The RSUs are scheduled to vest as to all 17,496 underlying shares on the first anniversary of the grant date. However, vesting may accelerate or be prorated if the merger transactions contemplated by the Merger Agreement close before that anniversary date.
How is the CommerceOne merger linked to Ellen Richey’s RSU vesting at Green Dot?
The footnotes explain that vesting accelerates or is prorated if the merger with CommerceOne Financial Corporation closes before the first anniversary. Any remaining unvested RSUs for Richey may be treated as an Unvested Green Dot RSU Award under the Merger Agreement terms.