Standard BioTools grants 500K RSUs to executive
Mackay Sean reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Mackay Sean reported acquisition or exercise transactions in this Form 4 filing.
STANDARD BIOTOOLS INC. reported that SVP & Chief Business Officer Sean Mackay received a grant of 500,000 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash cost and increase his direct holdings to 1,506,552 shares after the award.
The RSUs vest over time based on continued service: 40% will vest on June 20, 2027 and the remaining 60% will vest on June 20, 2028, so Mackay receives the underlying shares only if he remains with the company through those dates.
Insider Trade Summary
Grant/Award: 500,000 shares
Grant/Award
1 txn
Insider
Mackay Sean
Role
SVP & Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,506,552 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs"), 40% of which will vest on June 20, 2027, and the remaining 60% of which will vest on June 20, 2028 subject to the Reporting Person's continued service to the Company through the applicable vesting dates. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
RSUs granted: 500,000 shares
Post-transaction holdings: 1,506,552 shares
Vesting on June 20, 2027: 40% of RSUs
+2 more
5 metrics
RSUs granted
500,000 shares
Restricted stock units awarded to Sean Mackay
Post-transaction holdings
1,506,552 shares
Total Common Stock held directly after grant
Vesting on June 20, 2027
40% of RSUs
First vesting tranche subject to continued service
Vesting on June 20, 2028
60% of RSUs
Second vesting tranche subject to continued service
Grant price
$0.0000 per share
RSUs granted at no cash cost
Key Terms
restricted stock units, RSUs, vesting, continued service, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units ("RSUs"), 40% of which will vest on June 20, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents restricted stock units ("RSUs"), 40% of which will vest on June 20, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"40% of which will vest on June 20, 2027, and the remaining 60% of which will vest on June 20, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued service financial
"will vest on June 20, 2028 subject to the Reporting Person's continued service to the Company"
common stock financial
"Each RSU represents the right to receive one share of common stock upon vesting."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did STANDARD BIOTOOLS (LAB) report for Sean Mackay?
STANDARD BIOTOOLS reported that SVP & Chief Business Officer Sean Mackay received 500,000 restricted stock units. These RSUs are a stock-based compensation award, not an open-market purchase or sale, and were granted at no cash cost to Mackay.
How do the 500,000 RSUs granted to Sean Mackay at STANDARD BIOTOOLS (LAB) vest?
The 500,000 RSUs vest in two tranches tied to continued service. Forty percent vest on June 20, 2027, and the remaining 60% vest on June 20, 2028, provided Sean Mackay continues serving the company through each vesting date.
Are the 500,000 RSUs to Sean Mackay at STANDARD BIOTOOLS (LAB) an open-market stock purchase?
No, the 500,000 shares reported are restricted stock units granted as compensation. Each RSU represents the right to receive one share of common stock upon vesting, rather than shares bought by Mackay in the open market.
What does each RSU granted to Sean Mackay by STANDARD BIOTOOLS (LAB) represent?
Each restricted stock unit represents the right to receive one share of STANDARD BIOTOOLS common stock when it vests. The award delivers shares over time, contingent on Sean Mackay’s continued service to the company through the vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
