Nortech Systems grants director 10,800 stock options
Director and ten percent owner David B. Kunin received a compensatory stock option grant and now reports significant direct and indirect holdings in NORTECH SYSTEMS INC.
Rhea-AI Filing Summary
NORTECH SYSTEMS INC (symbol: NSYS) is the issuer of record for a Form 4 filing submitted to the SEC. KUNIN DAVID B reported acquisition or exercise transactions in this Form 4 filing.
NORTECH SYSTEMS INC (NSYS) reported that director and ten percent owner David B. Kunin received a grant of 10,800 stock options on March 31, 2026, exercisable at $12.19 per share starting May 1, 2027 and expiring March 31, 2036. After this grant, he holds 81,162 shares of Common Stock directly, including 4,642 Restricted Stock Units vesting May 1, 2027, and 1,344,066 shares indirectly through Curtis Squire, Inc., over which he shares voting and dispositive power. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 10,800 shares
Grant/Award
3 txns
Insider
KUNIN DAVID B
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | 10,800 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 10,800 contracts (Direct);
Common Stock — 81,162 shares (Direct);
Common Stock — 1,344,066 shares (Indirect, By Curtis Squire, Inc.)
Footnotes (3)
- F1. Includes 4,642 Restricted Stock Units granted on 5/20/2025, with 4,642 units vesting on May 1, 2027.
- F2. Represents 10,800 Stock Options granted on March 31, 2026, with 10,800 options exercisable on May 1, 2027.
- F3. Voting and dispositive power over shares held by Curtis Squire, Inc. is shared by Curtis Squires' board of directors. The Reporting Person is a member of Curtis Squires' board of directors, and as such, the Reporting Person is deemed to hold shared voting and dispositive power over these shares.
Key Figures
Stock options granted: 10,800 options
Option exercise price: $12.19 per share
Direct Common Stock holdings: 81,162 shares
+3 more
6 metrics
Stock options granted
10,800 options
Grant to David B. Kunin on March 31, 2026
Option exercise price
$12.19 per share
Exercise price for 10,800 stock options exercisable May 1, 2027
Direct Common Stock holdings
81,162 shares
Direct NSYS Common Stock held after March 31, 2026
Restricted Stock Units included
4,642 units
RSUs granted May 20, 2025, vesting May 1, 2027, included in direct holdings
Indirect Common Stock holdings
1,344,066 shares
Shares held by Curtis Squire, Inc. with shared voting and dispositive power
Option expiration date
March 31, 2036
Expiration of 10,800 stock options granted March 31, 2026
Key Terms
Restricted Stock Units, Stock Options, dispositive power
3 terms
Restricted Stock Units financial
"Includes 4,642 Restricted Stock Units granted on 5/20/2025, with 4,642 units vesting"
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.
Stock Options financial
"Represents 10,800 Stock Options granted on March 31, 2026, with 10,800 options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
dispositive power financial
"Voting and dispositive power over shares held by Curtis Squire, Inc. is shared"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NSYS director David B. Kunin acquire in this Form 4 filing?
He received a grant of 10,800 stock options on March 31, 2026, with an exercise price of $12.19 per share, exercisable on May 1, 2027 and expiring March 31, 2036, as a compensatory award.
What indirect ownership in NSYS does David B. Kunin report?
He reports 1,344,066 shares of Common Stock held indirectly by Curtis Squire, Inc.. Voting and dispositive power over these shares is shared by Curtis Squire, Inc.’s board of directors, of which he is a member.
Are the NSYS stock options granted to David B. Kunin immediately exercisable?
No. The 10,800 stock options granted on March 31, 2026 become exercisable on May 1, 2027, at an exercise price of $12.19 per share, and will expire on March 31, 2036 if not exercised.
Does this NSYS Form 4 indicate trades under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
