GRAIL director granted 396 deferred stock units

GRAIL, Inc. director Steven Mizell received an equity-based compensation award instead of cash fees.

Rhea-AI Filing Summary

GRAIL, Inc. director Steven Mizell received an equity-based compensation award instead of cash fees. He was granted 396 deferred stock units of common stock under the company’s deferred stock program and 2024 Incentive Award Plan, in lieu of $19,726.03 of director cash fees, based on a price of $49.79 per share, which was the closing price on April 15, 2026. The award vests immediately on the grant date, and following this grant he directly holds 37,071 shares of common stock. This transaction reflects a non-open-market grant/award acquisition rather than a market purchase.

Insider Trade Summary

Grant/Award: 396 shares

Grant/Award 1 txn

Insider MIZELL STEVEN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	396	$49.79	$20K

Holdings After Transaction: Common Stock — 37,071 shares (Direct)

Footnotes (1)

1. F1. Represents 396 deferred stock units granted to Mr. Mizell under our deferred stock program and 2024 Incentive Award Plan in lieu of $19,726.03 of cash fees payable to Mr. Mizell for his service as a director, based on a price per share of $49.79, which was the closing price per share of the Company's common stock on April 15, 2026. The awards will vest immediately upon grant date.

Key Figures

Deferred stock units granted: 396 units Grant price per share: $49.79 per share Cash fees converted: $19,726.03 +1 more

4 metrics

Deferred stock units granted 396 units Director equity award on April 15, 2026

Grant price per share $49.79 per share Closing price used to calculate award

Cash fees converted $19,726.03 Director cash fees taken as deferred stock units

Shares held after transaction 37,071 shares Total direct holdings following the grant

Key Terms

deferred stock units, deferred stock program, 2024 Incentive Award Plan

3 terms

deferred stock units financial

"Represents 396 deferred stock units granted to Mr. Mizell under our deferred stock program"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

deferred stock program financial

"granted to Mr. Mizell under our deferred stock program and 2024 Incentive Award Plan"

2024 Incentive Award Plan financial

"under our deferred stock program and 2024 Incentive Award Plan in lieu of $19,726.03 of cash fees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GRAIL (GRAL) director Steven Mizell report?

Steven Mizell reported an award of 396 deferred stock units of GRAIL common stock. These units were granted as director compensation in lieu of cash fees and represent a non-open-market acquisition under the company’s deferred stock program and 2024 Incentive Award Plan.

What price was used to calculate Steven Mizell’s GRAIL (GRAL) deferred stock units?

The grant was based on a price of $49.79 per share, equal to GRAIL’s common stock closing price on April 15, 2026. That price determined how many deferred stock units Mr. Mizell received for the cash fees he elected to defer.

How much director compensation did Steven Mizell defer into GRAIL (GRAL) stock?

Mr. Mizell deferred $19,726.03 of cash director fees into equity. In exchange, he received 396 deferred stock units under GRAIL’s deferred stock program and 2024 Incentive Award Plan, using the April 15, 2026 closing share price to convert fees into units.

When do Steven Mizell’s newly granted GRAIL (GRAL) deferred stock units vest?

The 396 deferred stock units granted to Steven Mizell vest immediately on the grant date. Immediate vesting means there is no waiting period before the award becomes fully earned, according to the terms disclosed for this specific director compensation grant.

How many GRAIL (GRAL) shares does Steven Mizell hold after this Form 4 transaction?

Following this grant, Steven Mizell directly holds 37,071 shares of GRAIL common stock. This total includes the 396 deferred stock units awarded in lieu of cash director fees, as reported in the Form 4 insider transaction summary.

Was Steven Mizell’s GRAIL (GRAL) transaction an open-market stock purchase?

No. The filing describes a non-open-market grant/award acquisition coded “A.” The 396 deferred stock units were issued as compensation in lieu of cash director fees under GRAIL’s incentive and deferred stock programs, not an open-market buy or sell order.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 04:07 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MIZELL STEVEN

(Last) (First) (Middle)

C/O GRAIL, INC.

1525 O'BRIEN DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRAIL, Inc. [ GRAL ]

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)
04/15/2026

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	04/15/2026		A		396(1)	A	$49.79	37,071	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 396 deferred stock units granted to Mr. Mizell under our deferred stock program and 2024 Incentive Award Plan in lieu of $19,726.03 of cash fees payable to Mr. Mizell for his service as a director, based on a price per share of $49.79, which was the closing price per share of the Company's common stock on April 15, 2026. The awards will vest immediately upon grant date.

Remarks:

	/s/ Abram Barth, as Attorney-in-Fact for Steven Mizell	04/16/2026
	** 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)