MeiraGTx (MGTX) awards 60,000 RSUs tied to Perceptive Advisors board service
Rhea-AI Filing Summary
PERCEPTIVE ADVISORS LLC reported acquisition or exercise transactions in this Form 4 filing.
MeiraGTx Holdings plc reported a new equity award to a Perceptive Advisors–related entity tied to board service. Perceptive-affiliated holders received 60,000 restricted share units, each convertible into one ordinary share upon settlement. The units vest in a single installment on the earlier of June 11, 2027 or the day before the company’s 2027 annual shareholder meeting, and become settleable when director Ellen Hukkelhoven leaves the board. The filing notes Perceptive Advisors, its master fund, and Joseph Edelman may be deemed to have only an indirect pecuniary interest and each disclaims beneficial ownership beyond that indirect interest. This is a compensation-related equity grant rather than an open-market purchase or sale.
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Insights
Routine RSU grant to a Perceptive entity as director pay.
The filing shows a grant of 60,000 restricted share units linked to director Ellen Hukkelhoven’s service, with each unit representing one future ordinary share. This is standard equity compensation and does not involve cash transactions in the market.
The units vest in a single tranche on the earlier of June 11, 2027 or the day before the 2027 annual meeting, and settle when she leaves the board. Perceptive Advisors, its master fund, and Joseph Edelman emphasize they have only indirect pecuniary interests and formally disclaim broader beneficial ownership, framing this as a structured, entity-level award.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 60,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted share unit converts into one ordinary share of the Issuer upon settlement. The restricted share units become settleable when Ellen Hukkelhoven ("Ms. Hukkelhoven") ceases to be a director of the Issuer.
- F2. The restricted share units shall vest in a single annual installment upon the earlier of (i) June 11, 2027 or (ii) the day immediately prior to the date of the Issuer's annual meeting of shareholders in 2027.
- F3. Ms. Hukkelhoven is a Managing Director of Perceptive Advisors, LLC (the "Advisor"). The Advisor serves as the investment manager of Perceptive Life Sciences Master Fund Ltd. (the "Master Fund"). The Advisor may be deemed to have an indirect pecuniary interest in the securities reported herein because the Advisor has the right to receive the director compensation provided in respect of Ms. Hukkelhoven's board service through a partial management fee offset. Joseph Edelman ("Mr. Edelman") is the managing member of the Advisor. Each of Mr. Edelman, the Master Fund and the Advisor disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either Mr. Edelman, the Master Fund or the Advisor is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
Key Figures
Key Terms
pecuniary interest financial
beneficial ownership financial
Section 16 regulatory
management fee offset financial
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