Myriad Genetics director receives 59,701-share RSU grant
Kumar Rashmi reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Kumar Rashmi reported acquisition or exercise transactions in this Form 4 filing.
MYRIAD GENETICS INC director Rashmi Kumar received an equity grant of 59,701 restricted stock units (RSUs) of common stock. The RSUs were granted at no cash cost and bring Kumar’s direct holdings to 186,889 shares. Each RSU represents a contingent right to receive one share of common stock and will vest on the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting.
Insider Trade Summary
Grant/Award: 59,701 shares
Grant/Award
1 txn
Insider
Kumar Rashmi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59,701 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 186,889 shares (Direct)
Footnotes (1)
- F1. Consists of restricted stock units granted pursuant to the Issuer's 2026 Employee, Director and Consultant Equity Incentive Plan, as amended. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and vests upon the earlier of (a) the first anniversary of the date of grant or (b) the date of the next annual meeting of stockholders following such grant.
Key Figures
RSUs granted: 59,701 shares
Grant price: $0.0000 per share
Holdings after grant: 186,889 shares
+2 more
5 metrics
RSUs granted
59,701 shares
Restricted stock units of common stock granted to director
Grant price
$0.0000 per share
RSUs granted at no cash cost to the director
Holdings after grant
186,889 shares
Total direct common stock holdings after RSU award
Transaction date
2026-06-04
Date of RSU grant reported on Form 4
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units, contingent right, vests, Equity Incentive Plan
4 terms
restricted stock units financial
"Consists of restricted stock units granted pursuant to the Issuer's 2026 Employee, Director and Consultant Equity Incentive Plan"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock"
vests financial
"and vests upon the earlier of (a) the first anniversary of the date of grant or (b) the date of the next annual meeting"
Equity Incentive Plan financial
"granted pursuant to the Issuer's 2026 Employee, Director and Consultant Equity Incentive Plan, as amended"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rashmi Kumar acquire in the latest MYGN Form 4 filing?
Rashmi Kumar received a grant of 59,701 restricted stock units of MYRIAD GENETICS INC common stock. These RSUs are part of the company’s 2026 Employee, Director and Consultant Equity Incentive Plan and were granted as equity compensation rather than a market purchase.
When do Rashmi Kumar’s newly granted MYGN restricted stock units vest?
The restricted stock units vest upon the earlier of two events: the first anniversary of the grant date or the date of the next annual meeting of stockholders. Vesting must occur before shares of MYRIAD GENETICS INC common stock are actually delivered.
What does each restricted stock unit in the MYGN grant represent?
Each restricted stock unit represents a contingent right to receive one share of MYRIAD GENETICS INC common stock. Shares are only issued when vesting conditions are satisfied, meaning the award is currently a promise of future stock rather than immediately issued shares.
Was cash paid for the MYGN restricted stock units granted to Rashmi Kumar?
No cash was paid for the RSUs; the Form 4 shows a price of $0.0000 per share. This indicates the 59,701 restricted stock units were awarded as equity compensation under the company’s 2026 Employee, Director and Consultant Equity Incentive Plan.
Under which plan were Rashmi Kumar’s MYGN restricted stock units granted?
The RSUs were granted under MYRIAD GENETICS INC’s 2026 Employee, Director and Consultant Equity Incentive Plan, as amended. This plan governs equity awards such as restricted stock units to employees, directors, and consultants of the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
