IGC Pharma (IGC) CEO acquires 706,409 shares via equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IGC Pharma, Inc. CEO Mukunda Ram reported multiple equity award exercises on April 1, 2026. He exercised restricted stock units and stock options to acquire a total of 706,409 shares of common stock, including shares held indirectly through his spouse, with no open-market sales.
Following these transactions, Ram directly holds 4,649,088 shares of IGC Pharma common stock, while his spouse holds an additional 910,751 shares reported as indirect ownership. The filing reflects routine compensation-related vesting and option exercises rather than discretionary buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
706,409 shares exercised/converted
Mixed
8 txns
Insider
Mukunda Ram
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 333,333 | $0.00 | -- |
| Exercise | Options | 323,077 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,667 | $0.00 | -- |
| Exercise | Restricted Stock Units | 33,332 | $0.00 | -- |
| Exercise | Common Stock | 333,333 | $0.00 | -- |
| Exercise | Common Stock | 323,077 | $0.26 | $84K |
| Exercise | Common Stock | 16,667 | $0.00 | -- |
| Exercise | Common Stock | 33,332 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Options — 676,925 shares (Direct);
Restricted Stock Units — 0 shares (Indirect, BY SPOUSE);
Common Stock — 4,326,011 shares (Direct);
Common Stock — 877,419 shares (Indirect, BY SPOUSE)
Footnotes (1)
- On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2024. On March 13, 2024, the Reporting Person was granted options exercisable at $0.26, vesting over three years starting in March 2025. On June 26, 2025, the Reporting Person's spouse was granted RSUs. On February 3, 2026, the Reporting Person's spouse was granted RSUs. Each restricted stock unit represents a right to receive one share of IGC common stock.
Key Figures
Total shares acquired: 706,409 shares
RSU conversion: 333,333 shares
Options exercised: 323,077 shares at $0.26
+3 more
6 metrics
Total shares acquired
706,409 shares
Common stock received from equity award exercises on April 1, 2026
RSU conversion
333,333 shares
Common stock from vested restricted stock units, direct holding
Options exercised
323,077 shares at $0.26
Options on common stock exercised; grant dated March 13, 2024
Direct holdings after
4,649,088 shares
CEO’s direct IGC Pharma common stock position post-transactions
Indirect holdings after
910,751 shares
Common stock held indirectly through spouse after exercises
Derivative exercises
706,409 shares
Aggregate underlying shares from four derivative exercises
Key Terms
Restricted Stock Units, conversion or exercise price, indirect ownership, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title": "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.
conversion or exercise price financial
""conversion_or_exercise_price": "0.2600""
indirect ownership financial
""ownership_type": "indirect", "nature_of_ownership": "BY SPOUSE""
Exercise or conversion of derivative security financial
""transaction_code_description": "Exercise or conversion of derivative security""
vesting financial
"RSUs subject to vesting equally over three years starting on March 31, 2024"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
