Director Steven Mizell receives 5,491 DSUs at GRAIL (GRAL) vesting by 2027

Rhea-AI Filing Summary

GRAIL, Inc. director Steven Mizell received an equity award of 5,491 deferred stock units (DSUs) under the company’s 2024 Equity Incentive Plan, in lieu of 5,491 restricted stock units. The DSUs vest in full on June 18, 2027 or on the date of the next annual stockholder meeting, subject to continued service, and will settle into an equal number of common shares. After this grant, Mizell directly holds 42,562 shares. This is a compensation-related, non‑market acquisition rather than an open‑market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MIZELL STEVEN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,491	$63.74	$350K

Holdings After Transaction: Common Stock — 42,562 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock units granted: 5,491 units Grant reference price: $63.74 per share Shares held after grant: 42,562 shares +1 more

4 metrics

Deferred stock units granted 5,491 units Equity award under 2024 Equity Incentive Plan

Grant reference price $63.74 per share Reported transaction price per share for DSU grant

Shares held after grant 42,562 shares Total GRAIL common stock held directly by Mizell post-transaction

Vesting date June 18, 2027 DSUs vest on this date or the next annual stockholder meeting

Key Terms

deferred stock units, DSUs, 2024 Equity Incentive Plan, restricted stock units

4 terms

deferred stock units financial

"Represents an award of 5,491 deferred stock units ("DSUs") granted to Mr. Mizell"

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.

DSUs financial

"Each DSU represents the right to receive, at settlement, one share of common stock."

DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.

2024 Equity Incentive Plan financial

"granted to Mr. Mizell under our 2024 Equity Incentive Plan in lieu of 5,491 restricted stock units."

restricted stock units financial

"under our 2024 Equity Incentive Plan in lieu of 5,491 restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 05:30 PM Accepted by SEC EDGAR 06/22/2026 - 05:30 PM 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)
06/18/2026

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	06/18/2026		A		5,491(1)	A	$63.74	42,562	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 an award of 5,491 deferred stock units ("DSUs") granted to Mr. Mizell under our 2024 Equity Incentive Plan in lieu of 5,491 restricted stock units. The DSUs will vest in full on the earlier to occur of (i) June 18, 2027 and (ii) the date of the next annual meeting of the Company's stockholders, in each case subject to continued service through the applicable vesting date. Each DSU represents the right to receive, at settlement, one share of common stock.

Remarks:

	/s/Donald Lang, as Attorney-in-Fact for Steven Mizell	06/22/2026
	** 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 did GRAIL (GRAL) director Steven Mizell report on this Form 4?

Steven Mizell reported receiving 5,491 deferred stock units from GRAIL as an equity award. These units were granted under the 2024 Equity Incentive Plan as compensation, not through an open-market stock purchase or sale, and will later settle into common shares.

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

After the reported equity award, Steven Mizell directly holds 42,562 GRAIL common shares. This figure reflects his position following the grant of 5,491 deferred stock units, highlighting that the filing records an increase in his overall equity exposure to the company.

What are the key terms of Steven Mizell’s 5,491 GRAIL deferred stock units?

The 5,491 deferred stock units represent the right to receive one GRAIL common share per unit at settlement. They were granted instead of restricted stock units and will vest in full on June 18, 2027 or the next annual stockholder meeting, subject to continued service.

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

The deferred stock units vest in full on the earlier of June 18, 2027 or the date of GRAIL’s next annual stockholder meeting. Vesting is conditioned on Mizell’s continued service through the applicable vesting date, which is typical for director compensation awards.

Was this GRAIL (GRAL) Form 4 transaction an open-market stock purchase?

No, the Form 4 reflects a grant of 5,491 deferred stock units as compensation, not an open-market purchase. The transaction code is “A” for grant or award, and the filing describes the award as issued under GRAIL’s 2024 Equity Incentive Plan in lieu of restricted stock units.