Genasys (NASDAQ: GNSS) director awarded 47,620 RSUs in stock

Rhea-AI Filing Summary

Fugate William Craig reported acquisition or exercise transactions in this Form 4 filing.

Genasys Inc. director William Craig Fugate received a grant of 47,620 restricted stock units (RSUs) of common stock as equity compensation, with no cash purchase price. The RSUs vest upon the earlier of the company’s 2027 annual shareholder meeting or a change of control event. Each RSU represents a contingent right to one share of Genasys common stock, to be settled solely in shares. Following this award, Fugate directly holds 115,821 shares of the company’s common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fugate William Craig

(Last) (First) (Middle)

16262 WEST BERNARDO DRIVE

(Street)

SAN DIEGO CALIFORNIA 92127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Genasys Inc. [ GNSS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/17/2026		A(1)		47,620	A	$0	115,821	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units (RSUs) that vest upon the earlier of (i) the date of the Company's 2027 annual shareholder meeting or (ii) a change of control event. Each RSU represents a contingent right to one share of the Company's common stock and is eligible to be settled solely in shares of the Company's common stock.

	/s/ Richard Danforth as attorney-in-fact for W. Craig Fugate	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Genasys (GNSS) report for William Craig Fugate?

Genasys reported an equity award to director William Craig Fugate. He received 47,620 restricted stock units (RSUs) of common stock as a grant, not an open-market purchase, increasing his direct holdings and aligning his compensation further with shareholder equity.

How many Genasys (GNSS) shares does William Craig Fugate hold after this Form 4?

After the reported grant, William Craig Fugate holds 115,821 shares. The Form 4 shows his total direct ownership of Genasys common stock following the 47,620 RSU award, providing context on the scale of his equity stake as a company director.

What are the vesting terms of William Craig Fugate’s RSU grant at Genasys (GNSS)?

The RSUs vest based on time or a change in control. They vest upon the earlier of the company’s 2027 annual shareholder meeting or a change of control event, creating a long-term incentive tied to both governance timing and potential corporate transactions.

Does William Craig Fugate’s Genasys (GNSS) Form 4 reflect a stock purchase or a compensation grant?

The filing reflects a compensation grant, not a share purchase. The 47,620 units were reported with a per-share price of $0.0000, indicating an award of restricted stock units as part of director compensation rather than an open-market buying transaction.

What does each RSU in William Craig Fugate’s Genasys (GNSS) grant represent?

Each RSU represents a contingent right to one Genasys share. The footnote explains that the units are eligible to be settled solely in shares of the company’s common stock, delivering stock to the director once the vesting conditions are met.