Nixxy, Inc. (NIXX) discloses 100,000 RSUs for new director
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Nixxy, Inc. director Kearney Simon Paul Colm reports initial beneficial ownership of 100,000 restricted stock units (RSUs) linked to common stock.
The RSUs were issued under the 2024 Equity Incentive Plan in connection with his board appointment. 50,000 RSUs vested immediately and the remaining 50,000 RSUs are scheduled to vest in four equal quarterly installments, subject to his continued service, with each RSU representing a contingent right to receive one common share upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kearney Simon Paul Colm
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 100,000 shares (Direct)
Footnotes (1)
- The RSU were issued to the Reporting Person under the Issuer's 2024 Equity Incentive Plan in connection with the Reporting Person's appointment as a member of the board of directors of the Issuer. 50,000 of the RSUs vested immediately, and the remaining 50,000 RSUs shall vest in four even quarterly paments, subject to the Reporting Person's continued service to the Issuer. Each of the RSU represents a contingent right to receive one (1) share of the Issuer's common stock, par value $0.0001 per share upon settlement.
Key Figures
Restricted Stock Units reported: 100000.0000 RSUs
RSUs vested immediately: 50,000 RSUs
RSUs subject to quarterly vesting: 50,000 RSUs
+1 more
4 metrics
Restricted Stock Units reported
100000.0000 RSUs
RSUs underlying common stock issued under the 2024 Equity Incentive Plan
RSUs vested immediately
50,000 RSUs
Portion of RSUs that vested immediately upon board appointment
RSUs subject to quarterly vesting
50,000 RSUs
Vest in four equal quarterly installments, subject to continued service
Par value per common share
$0.0001
Par value of Nixxy common stock underlying the RSUs
Key Terms
Restricted Stock Units, 2024 Equity Incentive Plan, par value
3 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units linked to common stock"
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.
2024 Equity Incentive Plan financial
"RSUs were issued under the Issuer's 2024 Equity Incentive Plan"
par value financial
"Common stock is described with a par value of $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider holdings does Nixxy (NIXX) report for Kearney Simon Paul Colm?
Nixxy reports that director Kearney Simon Paul Colm holds 100,000 restricted stock units (RSUs) linked to its common stock. These RSUs are equity compensation tied to his appointment to the board, rather than shares bought or sold in the open market.
How do the 100,000 RSUs for Nixxy (NIXX)'s director vest?
Of the 100,000 RSUs, 50,000 vested immediately, while the remaining 50,000 are set to vest in four equal quarterly installments. This vesting is explicitly conditioned on the director’s continued service to Nixxy, Inc.
What does each RSU reported by Nixxy (NIXX) represent?
Each restricted stock unit represents a contingent right to receive one share of Nixxy common stock, par value $0.0001 per share, upon settlement. Until settlement, RSUs are not actual shares but a contractual right to receive them.
Was there a market purchase or sale in Nixxy (NIXX)'s Form 3 disclosure?
The Form 3 describes equity compensation, not an open-market trade. It reports RSUs issued under Nixxy’s 2024 Equity Incentive Plan in connection with a board appointment, with no buy or sell transaction code indicated in the disclosure.
Under which plan were the RSUs for Nixxy (NIXX)'s director issued?
The restricted stock units were issued under Nixxy’s 2024 Equity Incentive Plan. The RSUs were granted in connection with the director’s appointment to the board, aligning part of his compensation with the company’s common equity.