GENELUX (GNLX) CFO receives 278,906 restricted stock units as equity grant
Rhea-AI Filing Summary
Pulisic Matthew reported acquisition or exercise transactions in this Form 4 filing.
GENELUX Corp Chief Financial Officer Matthew Pulisic reported an equity compensation grant of 278,906 shares of Common Stock in the form of restricted stock units (RSUs). The RSUs were granted under the company’s 2022 Equity Incentive Plan at no cash purchase price.
Each RSU represents the right to receive one share of common stock upon vesting. According to the award terms, 25% of the RSUs will vest on the first anniversary of the grant date, with the remaining RSUs vesting in 12 equal quarterly installments thereafter. Following this grant, Pulisic’s directly held common stock reported in this filing totals 278,906 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 278,906 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2022 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of common stock upon vesting. The RSUs will vest 25% on the first anniversary of the date of grant, and the remaining shares shall vest in 12 equal quarterly (every 3 months) installments thereafter
Key Figures
Key Terms
restricted stock units financial
2022 Equity Incentive Plan financial
vesting financial
quarterly installments financial
FAQ
What insider transaction did GENELUX Corp (GNLX) report for CFO Matthew Pulisic?
What is the vesting schedule for Matthew Pulisic’s GENELUX (GNLX) RSUs?
What does it mean that GENELUX (GNLX) granted RSUs at a zero dollar price?
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