Intelligent Bio Solutions (NASDAQ: INBS) grants director 5,000 restricted shares
Rhea-AI Filing Summary
Fraser Nicola Marion reported acquisition or exercise transactions in this Form 4 filing.
INTELLIGENT BIO SOLUTIONS INC. director Fraser Nicola Marion received an equity award rather than conducting an open‑market trade. On March 18, 2026, the company granted him 5,000 restricted shares of Common Stock under its 2019 Long Term Incentive Plan, at no cash purchase price.
The restricted shares vest based on time after 12 months and may be forfeited if vesting conditions are not met. Following this grant, Marion holds 5,000 shares of Common Stock directly, with all amounts presented on a post‑reverse‑split basis after the company’s prior reverse stock splits.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant of 5,000 restricted shares.
Fraser Nicola Marion, a director of INTELLIGENT BIO SOLUTIONS INC., was granted 5,000 restricted shares of Common Stock on March 18, 2026 under the 2019 Long Term Incentive Plan. The grant is compensation-related, not an open-market transaction.
The shares vest after 12 months and are subject to forfeiture until vested, so economic benefit depends on continued service and future share value. After this award, Marion holds 5,000 shares directly. As a single, modest-sized grant with standard vesting, it appears routine and does not by itself signal a major change in outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
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 5,000 restricted shares of Common Stock under the Intelligent Bio Solutions Inc. 2019 Long Term Incentive Plan. The awarded shares are subject to time-based vesting after 12 months and are subject to forfeiture until vested.