Innoviz Technologies (INVZ) director granted 110,668 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innoviz Technologies Ltd. director James J. Sheridan III reported an equity compensation grant rather than an open‑market trade. He received 110,668 Restricted Share Units (RSUs) on May 13, 2026, each representing one ordinary share, with no exercise price. These RSUs fully vest on April 5, 2027, if he remains a service provider. Following the grant, his reported holdings total 427,397 ordinary shares, including 234,329 shares held directly and 82,400 shares held by Perception Capital Partners, LLC, where he may be deemed a beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sheridan James J. III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 110,668 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 427,397 shares (Direct, null)
Footnotes (1)
- Represents 110,668 Restricted Share Units (RSUs) granted on May 13, 2026, which shall fully vest on April 5, 2027, subject to the Reporting Person remaining a service provider of the Issuer on the vesting date. Each RSU represents a contingent right to receive one ordinary share. No exercise price is applicable. Includes 234,329 ordinary shares held directly by Mr. Sheridan, and 82,400 ordinary shares held by Perception Capital Partners, LLC. Mr. Sheridan is a director appointed by Perception Capital Partners, LLC and may be deemed to be the beneficial owner of the securities held by Perception Capital Partners, LLC.
Key Figures
RSU grant size: 110,668 RSUs
Post-grant holdings: 427,397 shares
Directly held shares: 234,329 shares
+3 more
6 metrics
RSU grant size
110,668 RSUs
Equity award granted May 13, 2026
Post-grant holdings
427,397 shares
Total ordinary shares following transaction
Directly held shares
234,329 shares
Ordinary shares held directly by Sheridan
Indirect LLC holdings
82,400 shares
Ordinary shares held by Perception Capital Partners, LLC
Vesting date
April 5, 2027
RSUs fully vest if he remains a service provider
Exercise price
$0.00
No exercise price applicable to RSUs
Key Terms
Restricted Share Units (RSUs), beneficial owner, ordinary shares, exercise price
4 terms
beneficial owner financial
"may be deemed to be the beneficial owner of the securities held"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
exercise price financial
"No exercise price is applicable"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Innoviz Technologies (INVZ) director James Sheridan receive in this Form 4?
James J. Sheridan III received 110,668 Restricted Share Units (RSUs) as equity compensation. Each RSU represents a right to one Innoviz ordinary share and carries no exercise price, meaning he does not pay to receive the shares once they vest.
When do James Sheridan’s 110,668 Innoviz (INVZ) RSUs vest?
The 110,668 RSUs granted to James Sheridan fully vest on April 5, 2027. Vesting is contingent on him remaining a service provider to Innoviz through that date, after which each RSU converts into one ordinary share.
Is the Innoviz (INVZ) Form 4 a stock purchase or a compensation grant?
This Form 4 reflects an equity compensation grant, not an open‑market stock purchase. The 110,668 RSUs were awarded at a zero exercise price as part of Sheridan’s director compensation rather than acquired using cash in the market.
What is Perception Capital Partners, LLC’s role in James Sheridan’s Innoviz (INVZ) holdings?
Perception Capital Partners, LLC holds 82,400 Innoviz ordinary shares reported in this Form 4. Sheridan is a director appointed by Perception Capital Partners and may be deemed the beneficial owner of the shares held by that entity under SEC rules.