Nauticus Robotics director exercises 2,162 RSUs
Nauticus Robotics, Inc. director Spiro Elliot reported the vesting and conversion of 2,162 Restricted Stock Units into an equal number of common shares on May 27, 2026, with amounts adjusted for a 1-for-8 reverse stock split.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Nauticus Robotics, Inc. director Spiro Elliot reported the vesting and conversion of 2,162 Restricted Stock Units into an equal number of common shares on May 27, 2026, with amounts adjusted for a 1-for-8 reverse stock split. After this equity award, he directly holds 2,530 common shares.
Insider Trade Summary
2,162 shares exercised/converted
Exercise
2 txns
Insider
Spiro Elliot
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2, F1, F3 | 2,162 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,162 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 2,530 shares (Direct)
Footnotes (3)
- F1. Adjusted to reflect 1 for 8 reverse stock split on April 21, 2026.
- F2. Each Restricted Stock Unit ("RSU") is issued pursuant to the Company's 2022 Omnibus Incentive Plan and represents a contingent right to receive one share of common stock, and vesting generally is subject to the reporting person remaining an employee or director of the Company, its affiliates or subsidiaries.
- F3. The RSUs vest on the earlier of (i) May 27, 2026, or (ii) the date immediately preceding the Company's 2026 annual meeting of stockholders.
Key Figures
RSUs converted: 2,162 units
Common shares received: 2,162 shares
Shares owned after transaction: 2,530 shares
+1 more
4 metrics
RSUs converted
2,162 units
Restricted Stock Units converted to common stock on May 27, 2026
Common shares received
2,162 shares
Shares of Nauticus Robotics common stock issued upon RSU conversion
Shares owned after transaction
2,530 shares
Director’s direct common stock holdings following the May 27, 2026 transaction
Reverse stock split ratio
1-for-8
Reverse stock split effective April 21, 2026, used to adjust reported amounts
Key Terms
Restricted Stock Unit, 2022 Omnibus Incentive Plan, reverse stock split, contingent right
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") is issued pursuant to the Company's 2022 Omnibus Incentive Plan"
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.
2022 Omnibus Incentive Plan financial
"RSU is issued pursuant to the Company's 2022 Omnibus Incentive Plan and represents a contingent right"
reverse stock split financial
"Adjusted to reflect 1 for 8 reverse stock split on April 21, 2026."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
contingent right financial
"represents a contingent right to receive one share of common stock, and vesting generally is subject"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nauticus Robotics (KITT) director Spiro Elliot report?
Spiro Elliot reported the vesting and conversion of 2,162 Restricted Stock Units into an equal number of Nauticus Robotics common shares on May 27, 2026. The derivative RSU position was disposed and replaced by directly held common stock, with no open-market purchase or sale reported.
What type of equity award did Nauticus Robotics (KITT) grant to Spiro Elliot?
Spiro Elliot holds Restricted Stock Units (RSUs) issued under Nauticus Robotics’ 2022 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, generally subject to continued service as an employee or director of the company or its affiliates.
How is Nauticus Robotics (KITT) 1-for-8 reverse stock split reflected in this insider filing?
The reported share amounts are adjusted for Nauticus Robotics’ 1-for-8 reverse stock split that became effective on April 21, 2026. A footnote explains that the RSU and common share figures in the Form 4 have been restated to reflect this reverse split ratio.
What are the vesting conditions for Spiro Elliot’s Nauticus Robotics (KITT) RSUs?
The RSUs vest on the earlier of May 27, 2026, or the date immediately preceding Nauticus Robotics’ 2026 annual meeting of stockholders. Vesting generally also requires that Spiro Elliot remain an employee or director of the company, its affiliates, or its subsidiaries until that date.
Were Spiro Elliot’s Nauticus Robotics (KITT) transactions under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not reference any Rule 10b5-1 arrangement. The filing therefore presents these transactions simply as equity award vesting and conversion activity, not as plan-based open-market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
