908 Devices (MASS) legal officer reports option and RSU awards
Rhea-AI Filing Summary
908 Devices Inc. filed an initial Form 3 for Chief Legal and Administrative Officer Mark S. Levine, reporting existing equity awards. He holds stock options covering 130,468 shares and 98,242 restricted stock units. The options begin vesting on January 1, 2027, with one-third vesting then and the remaining two-thirds vesting in substantially equal monthly installments over the following 24 months, subject to continued service. The RSUs vest in three substantially equal annual installments on the anniversary dates following January 1, 2026, also contingent on continued service, and each RSU converts into one share of common stock when vested.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Levine Mark S.
Role
Chief Legal and Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 130,468 shares (Direct);
Restricted Stock Units — 98,242 shares (Direct)
Footnotes (1)
- One-third of the shares underlying the option become vested and exercisable on January 1, 2027, and the remaining two-thirds of the shares underlying the option become vested and exercisable in substantially equal monthly installments over the 24 months following January 1, 2027, subject to the reporting person's continued service through the applicable vesting date. These restricted stock units ("RSUs") vest in three substantially equal annual installments at the three anniversary dates following January 1, 2026, subject to the reporting person's continued service through the applicable vesting date. The RSUs have no expiration date. Each RSU represents a contingent right to receive one share of Common Stock, par value $0.001, when vested.
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FAQ
What does 908 Devices (MASS) report in Mark S. Levine’s Form 3?
The Form 3 reports Mark S. Levine’s existing equity awards in 908 Devices Inc., including stock options and restricted stock units. It establishes his initial ownership position as Chief Legal and Administrative Officer in terms of company equity incentives.
How many stock options does Mark S. Levine hold in 908 Devices Inc.?
Mark S. Levine holds stock options covering 130,468 shares of 908 Devices Inc. common stock. These options vest over time, starting on January 1, 2027, with vesting dependent on his continued service with the company through each applicable vesting date.
What are the vesting terms for Mark S. Levine’s stock options at 908 Devices?
One-third of his stock options vest and become exercisable on January 1, 2027. The remaining two-thirds vest in substantially equal monthly installments over the 24 months following that date, contingent on his continued service with 908 Devices Inc. throughout the vesting period.
How many restricted stock units (RSUs) does Mark S. Levine hold at 908 Devices?
Mark S. Levine holds 98,242 restricted stock units in 908 Devices Inc. Each RSU represents a contingent right to receive one share of common stock, providing equity-based compensation that aligns his interests with the company’s long-term performance.
What are the vesting conditions for Mark S. Levine’s RSUs in 908 Devices (MASS)?
His RSUs vest in three substantially equal annual installments on the three anniversary dates following January 1, 2026. Vesting is subject to his continued service with 908 Devices Inc., and the RSUs have no expiration date according to the disclosure.
What does each RSU represent in Mark S. Levine’s 908 Devices equity awards?
Each restricted stock unit represents a contingent right to receive one share of 908 Devices Inc. common stock when vested. This means, upon vesting, RSUs convert into actual shares, forming a key component of his long-term incentive compensation package.