Lixte (LIXT) CEO awarded 350,000 RSUs, total holdings now 700,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lixte Biotechnology Holdings CEO Geordan Garrett Pursglove reported an acquisition of equity-based compensation through restricted share units. On July 1, 2026, he received 350,000 RSUs at a stated price of $0.00 per share as a grant or award.
Each RSU represents a right to receive one share of common stock upon vesting, tied to continued service and performance conditions that have already been satisfied. After this award, his reported holdings total 700,000 RSUs, including the 350,000 newly awarded RSUs and 350,000 RSUs that have fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pursglove Geordan Garrett
Role
CEO and Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 350,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 700,000 shares (Direct, null)
Footnotes (1)
- The reported transaction involved the Reporting Person's receipt of 350,000 restricted share units ("RSUs"). The RSUs were granted pursuant to the applicable RSU agreement and the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting, subject to continued service. The 350,000 RSUs vested upon the achievement of the performance conditions set forth in the Reporting Person's RSU agreement, which have been satisfied. The total reported in Column 5 includes (i) the 350,000 newly awarded RSUs, and (ii) 350,000 RSUs, all of which have vested.
Key Figures
RSUs granted: 350,000 RSUs
Total RSUs after transaction: 700,000 RSUs
Grant price per share: $0.00 per share
+1 more
4 metrics
RSUs granted
350,000 RSUs
Grant/award acquisition on July 1, 2026
Total RSUs after transaction
700,000 RSUs
Reported holdings in Column 5 after grant
Grant price per share
$0.00 per share
Stated transaction price for RSU award
Transaction code
Code A
Grant, award, or other acquisition of common stock
Key Terms
restricted share units ("RSUs"), 2020 Stock Incentive Plan, performance conditions
3 terms
2020 Stock Incentive Plan financial
"The RSUs were granted pursuant to the applicable RSU agreement and the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan."
performance conditions financial
"The 350,000 RSUs vested upon the achievement of the performance conditions set forth in the Reporting Person's RSU agreement, which have been satisfied."
FAQ
What insider transaction did LIXT CEO Geordan Garrett Pursglove report?
LIXT CEO Geordan Garrett Pursglove reported receiving 350,000 restricted share units as equity compensation. These RSUs were granted at a stated price of $0.00 per share and increase his total reported RSU holdings to 700,000 units tied to company common stock.
What is the total LIXT equity position reported after this RSU grant?
After this grant, the CEO’s total reported position is 700,000 restricted share units. This figure combines 350,000 newly awarded RSUs with 350,000 RSUs that have already vested, as disclosed in the footnotes to the Form 4 transaction information.
Were performance conditions tied to the new LIXT RSU award for the CEO?
Yes, the 350,000 newly awarded RSUs vested upon achievement of specified performance conditions. The Form 4 footnotes state these conditions, set out in the CEO’s RSU agreement, have been satisfied, and vesting also remains subject to the CEO’s continued service with the company.
Under which plan were the LIXT CEO’s RSUs granted?
The CEO’s 350,000 RSUs were granted under the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan. The grant was made pursuant to the applicable RSU agreement, which defines vesting terms, performance conditions, and the link between each RSU and one share of common stock.