Neurogene Inc. (NGNE) CSO awarded 16,500 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neurogene Inc. reported that Chief Scientific Officer Cobb Stuart acquired 16,500 shares of common stock in the form of restricted stock units. These units were granted at no cash cost and will vest in three equal annual installments starting on February 20, 2027, contingent on continued service.
After this grant, Stuart holds 37,294 restricted stock units in total, reflecting multiple prior awards. According to the footnotes, these earlier grants vest annually from March 13, 2025 through March 13, 2027 and from March 26, 2026 through March 26, 2028, with the new grant vesting through February 20, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cobb Stuart
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 37,294 shares (Direct)
Footnotes (1)
- Consist of 16,500 restricted stock units, which will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued provision of services to the Issuer on each vesting date. Consist of (a) 13,594 restricted stock units remaining from a grant of 20,391 restricted stock units granted on March 13, 2024, which vests annually in equal installments on March 13, 2025, March 13, 2026 and March 13, 2027; (b) 7,200 restricted stock units granted on March 26, 2025, which will vest annually in equal installments on March 26, 2026, March 26, 2027 and March 26, 2028; and (c) 16,500 restricted stock units granted on February 20, 2026, which will vest annually in equal installments on February 20, 2027, February 20, 2028 and February 20, 2029, in each case subject to the Reporting Person's continued provision of services to the Issuer on each vesting date.
FAQ
What insider transaction did Neurogene Inc. (NGNE) disclose for Cobb Stuart?
Neurogene Inc. reported that Chief Scientific Officer Cobb Stuart received a grant of 16,500 restricted stock units. The award was made at no cash cost and represents stock-based compensation that will vest over time, contingent on his continued service with the company.
How will Cobb Stuart’s new 16,500 Neurogene (NGNE) RSUs vest?
The 16,500 restricted stock units granted to Cobb Stuart will vest in three equal annual installments beginning on February 20, 2027. Each installment requires his continued provision of services to Neurogene Inc. on the relevant vesting date, aligning the award with multi-year retention incentives.
How many Neurogene Inc. (NGNE) restricted stock units does Cobb Stuart now hold?
Following the February 20, 2026 grant, Cobb Stuart holds 37,294 restricted stock units in total. This balance combines remaining units from a March 13, 2024 grant, units from a March 26, 2025 grant, and the new 16,500-unit award granted on February 20, 2026.
What are the vesting schedules for Cobb Stuart’s earlier Neurogene (NGNE) RSU grants?
Earlier RSU grants to Cobb Stuart vest annually on specific dates. Remaining units from a March 13, 2024 grant vest on March 13, 2025, 2026, and 2027. Units from a March 26, 2025 grant vest on March 26, 2026, 2027, and 2028, subject to continued service.
Did Cobb Stuart pay cash for the 16,500 Neurogene Inc. (NGNE) RSUs?
The 16,500 restricted stock units were granted at a price of $0.0000 per share, indicating no cash payment by Cobb Stuart. This structure is typical for equity compensation awards, where value depends on future stock price and satisfaction of vesting conditions.
Is Cobb Stuart’s ownership in Neurogene Inc. (NGNE) direct or indirect?
The filing classifies Cobb Stuart’s ownership as direct, with no separate entity or trust listed for the reported restricted stock units. The Form 4 shows the nature of ownership as direct, meaning the RSUs are attributed personally to him rather than to an affiliated entity.