Innoviz (INVZ) grants Amichai Steimberg 265,602 RSUs vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innoviz Technologies Ltd. director Amichai Steimberg received an equity award of 265,602 Restricted Share Units (RSUs) on May 13, 2026. Each RSU represents a contingent right to one ordinary share and has no exercise price.
The RSUs will fully vest on April 5, 2027, if he continues as a service provider through that date. Following this grant, Steimberg directly holds 989,336 ordinary shares, which includes 723,734 ordinary shares already held.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steimberg Amichai
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 265,602 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 989,336 shares (Direct, null)
Footnotes (1)
- Represents 265,602 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 723,734 ordinary shares.
Key Figures
RSUs granted: 265,602 RSUs
Post-grant holdings: 989,336 ordinary shares
Existing ordinary shares: 723,734 ordinary shares
+2 more
5 metrics
RSUs granted
265,602 RSUs
Granted to director on May 13, 2026
Post-grant holdings
989,336 ordinary shares
Total direct shares following transaction
Existing ordinary shares
723,734 ordinary shares
Included within total direct holdings
Vesting date
April 5, 2027
RSUs fully vest if service continues through this date
Exercise price
$0.00 per RSU
No exercise price applicable to granted RSUs
Key Terms
Restricted Share Units (RSUs), vest, contingent right, exercise price, +1 more
5 terms
vest financial
"which shall fully vest on April 5, 2027, subject to the Reporting Person remaining"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one ordinary share."
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 insider transaction did Innoviz (INVZ) report for Amichai Steimberg?
Innoviz reported that director Amichai Steimberg received a grant of 265,602 Restricted Share Units (RSUs) on May 13, 2026. These RSUs are a stock-based award that can convert into ordinary shares if vesting conditions are met.
How many RSUs were granted to Innoviz director Amichai Steimberg?
Amichai Steimberg was granted 265,602 Restricted Share Units (RSUs). Each RSU represents a contingent right to receive one Innoviz ordinary share, giving him potential additional ownership if the RSUs vest according to the terms of the award.
When do Amichai Steimberg’s Innoviz RSUs vest and what is the condition?
The 265,602 RSUs granted to Amichai Steimberg will fully vest on April 5, 2027. Vesting is conditional on him remaining a service provider to Innoviz through that date, aligning the award with continued service to the company.
Do Amichai Steimberg’s Innoviz RSUs have an exercise price?
The RSUs granted to Amichai Steimberg have no exercise price. Each Restricted Share Unit represents a contingent right to receive one Innoviz ordinary share upon vesting, so he does not need to pay to convert vested RSUs into shares.
What does an RSU grant mean for Innoviz (INVZ) insiders like Amichai Steimberg?
An RSU grant gives an insider contingent rights to future shares, aligning compensation with company performance and continued service. For Amichai Steimberg, 265,602 RSUs may convert into ordinary shares if he remains a service provider until April 5, 2027.