Kardigan (KARD) director awarded 20,706 RSUs vesting in 2028
Rhea-AI Filing Summary
Meeker David P reported acquisition or exercise transactions in this Form 4 filing.
Kardigan, Inc. director David P. Meeker received an equity grant of 20,706 restricted stock units (RSUs). Each RSU represents the right to receive one share of Kardigan common stock at a later date rather than cash today.
The RSUs vest in full on June 17, 2028, as long as Meeker continues to provide service to the company through that date. Following this award, he is reported as holding 20,706 shares or share-equivalent units directly, reflecting a compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,706 shares
Net Buy
1 txn
Insider
Meeker David P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,706 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,706 shares (Direct)
Footnotes (1)
- F1. Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest in full on June 17, 2028, subject to the Reporting Person's continuous service as of the applicable vesting date.
Key Figures
RSUs granted: 20,706 units
Vesting date: June 17, 2028
Grant price: $0.00 per unit
+1 more
4 metrics
RSUs granted
20,706 units
Restricted stock units awarded to director David P. Meeker
Vesting date
June 17, 2028
RSUs vest in full on this date if service continues
Grant price
$0.00 per unit
Compensation grant, not an open-market purchase
Holdings after grant
20,706 shares/units
Total reported direct holdings following the transaction
Key Terms
restricted stock unit, RSU, vest, continuous service
4 terms
restricted stock unit financial
"Each share is represented by a restricted stock unit ("RSU")."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSU financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"The RSUs vest in full on June 17, 2028, subject to the Reporting Person's continuous service"
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.
continuous service financial
"subject to the Reporting Person's continuous service as of the applicable vesting date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Kardigan (KARD) report for David P. Meeker?
Kardigan reported that director David P. Meeker received a grant of 20,706 restricted stock units. These RSUs are a stock-based compensation award, not an open-market share purchase or sale, and convert into common shares when they vest in the future.
When do David P. Meeker’s Kardigan (KARD) RSUs vest?
The RSUs vest in full on June 17, 2028, if David P. Meeker maintains continuous service with Kardigan through that date. Once vested, each restricted stock unit entitles him to receive one share of the company’s common stock upon settlement.
Did David P. Meeker buy or sell Kardigan (KARD) stock on the market?
No. The Form 4 shows a grant of 20,706 restricted stock units with a price per unit of $0.00, indicating a compensation-related award. There is no open-market purchase or sale of Kardigan common stock reported in this transaction.
What does the $0.00 price on David P. Meeker’s Kardigan RSU grant mean?
The $0.00 price per share reflects that the 20,706 restricted stock units were granted as compensation, not purchased for cash. Meeker receives the right to future Kardigan shares, subject to vesting and service conditions, without paying a purchase price at grant.