INBS (INBS) CFO receives time- and performance-based restricted stock grants
Rhea-AI Filing Summary
Sakiris Spiro Kevin reported acquisition or exercise transactions in this Form 4 filing.
INTELLIGENT BIO SOLUTIONS INC. Chief Financial Officer Kevin Sakiris received equity awards in the form of common stock. On March 18, 2026, he was granted 9,150 restricted shares that vest over 48 months and 21,350 restricted shares subject to both performance-based and time-based vesting, all under the 2019 Long Term Incentive Plan.
Following these compensation grants, Sakiris directly holds 33,981 shares of common stock and indirectly holds 1,911 shares through Anest Holdings Pty Ltd, as trustee of the S&T Sakiris Superannuation Fund. All share amounts are presented after a prior 1-for-10 reverse stock split.
Positive
- None.
Negative
- None.
Insights
CFO received time- and performance-based stock grants, indicating routine equity compensation rather than market trading.
The transactions show Kevin Sakiris, CFO of INTELLIGENT BIO SOLUTIONS INC., receiving grants of 9,150 and 21,350 restricted common shares at no purchase price, under the 2019 Long Term Incentive Plan. These are non-market awards classified as grant or award acquisitions, not open-market buys.
The 9,150-share award vests purely over 48 months, while the 21,350-share award depends on both performance and time-based conditions, with forfeiture risk until vesting. After these grants, he holds 33,981 shares directly and 1,911 indirectly through Anest Holdings Pty Ltd, giving context to his total reported equity exposure.
All share figures reflect a 1-for-10 reverse stock split completed on December 15, 2025, which adjusted prior holdings and equity awards proportionally. This makes the amounts directly comparable within this filing and avoids confusion with pre-split figures disclosed in earlier periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,150 | $0.00 | -- |
| Grant/Award | Common Stock | 21,350 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On December 15, 2025, Intelligent Bio Solutions Inc. (the "Issuer") effected a 1-for-10 reverse stock split of the Issuer's common stock ("Common Stock"). The reverse stock split effected in December 2025, and prior reverse stock splits effected by the Issuer, resulted in a reduction in the number of shares held by the reporting person and proportional adjustments to the outstanding equity awards held by the reporting person. Accordingly, all amounts in this Form 4 are presented on a post-reverse split basis. On March 18, 2026, the Issuer granted the reporting person 9,150 restricted shares of Common Stock under the Intelligent Bio Solutions Inc. 2019 Long Term Incentive Plan ("2019 Plan"). The awarded shares are subject to time-based vesting after 48 months and are subject to forfeiture until vested. On March 18, 2026, the Issuer granted the reporting person 21,350 restricted shares of Common Stock under the 2019 Plan. The awarded shares are subject to joint performance-based and time-based vesting requirements and are subject to forfeiture until vested. These securities are held by Anest Holdings Pty Ltd, as trustee of ATF S&T Sakiris Superannuation Fund, of which Mr. Sakiris is a director.