ITG (ITG) director acquires 1,200 IPO shares and 7,500 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITG director Francis A. Braun III reported new equity holdings in the company. He acquired 1,200 shares of Class A common stock at $16.00 per share, purchased through a directed share program connected to the company’s initial public offering.
He was also granted 7,500 restricted stock units (RSUs), each representing one share of Class A common stock upon vesting. These RSUs vest in full on the earlier of the day immediately preceding the first annual stockholder meeting after the grant date or the one-year anniversary of the grant, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,200 shares ($19,200)
Net Buy
2 txns
Insider
Braun III Francis A
Role
null
Bought
1,200 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 7,500 | $0.00 | -- |
| Purchase | Class A common stock | 1,200 | $16.00 | $19K |
Holdings After Transaction:
Class A common stock — 7,500 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of Class A common stock upon vesting. The RSUs shall vest in full on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of grant and (ii) the one-year anniversary of the date of grant, in each case, subject to the Reporting Person's continued service through the applicable vesting date. Represents shares of Class A common stock acquired pursuant to a directed share program as part of the issuer's initial public offering.
Key Figures
Share purchase: 1,200 shares
Purchase price: $16.00 per share
RSU grant size: 7,500 RSUs
+2 more
5 metrics
Share purchase
1,200 shares
Class A common stock acquired at $16.00 per share
Purchase price
$16.00 per share
Price paid for 1,200 Class A common shares
RSU grant size
7,500 RSUs
Each RSU equals one share of Class A common stock upon vesting
Shares held after purchase
1,200 shares
Total Class A common stock directly held after the reported purchase
Net buy shares
1,200 shares
Net buy direction across reported transactions
Key Terms
restricted stock units ("RSUs"), directed share program, initial public offering
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
initial public offering financial
"acquired pursuant to a directed share program as part of the issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
FAQ
What transactions did ITG (ITG) director Francis A. Braun III report on this Form 4?
Francis A. Braun III reported acquiring shares and receiving equity awards. He bought 1,200 shares of ITG Class A common stock at $16.00 per share and received a grant of 7,500 restricted stock units, each tied to one share of Class A common stock upon vesting.
What is the size and nature of the equity award ITG (ITG) granted to the director?
ITG granted Francis A. Braun III 7,500 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A common stock upon vesting, providing him with potential future ownership tied to his continued service on the company’s board.
When do the 7,500 ITG (ITG) restricted stock units vest for the director?
The 7,500 RSUs vest in full on the earlier of two dates: the day immediately before the first annual meeting of stockholders following the grant date, or the one-year anniversary of the grant, provided the director continues serving through the applicable vesting date.
Were any derivative securities or option exercises reported in this ITG (ITG) Form 4?
No derivative securities or option exercises were reported. The filing only shows non-derivative transactions: a purchase of 1,200 Class A common shares at $16.00 and a grant of 7,500 restricted stock units, with no remaining derivative positions listed in the derivative summary.