Nuvectis Pharma (NVCT) director awarded 35,000 restricted common shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kaplan Matthew L. reported acquisition or exercise transactions in this Form 4 filing.
Nuvectis Pharma director Matthew L. Kaplan received a grant of 35,000 shares of restricted common stock. The award was made at no cash cost per share and is classified as a compensation-related grant rather than an open-market purchase.
The 35,000 restricted shares will vest in equal annual installments over three years, beginning on the first anniversary of the grant date, as long as Kaplan continues to serve on the Board of Directors on those dates. After this grant, he directly holds 159,760 shares of Nuvectis Pharma common stock, including restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kaplan Matthew L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 159,760 shares (Direct, null)
Footnotes (1)
- The 35,000 shares of restricted common stock will vest in equal annual installments over three years beginning on the first anniversary of the grant date subject to Mr. Kaplan's continued service on the Company's Board of Directors on such dates. Includes shares of restricted common stock.
Key Figures
Restricted stock grant: 35,000 shares
Grant price per share: $0.0000 per share
Holdings after grant: 159,760 shares
+1 more
4 metrics
Restricted stock grant
35,000 shares
Common stock award to director on 2026-06-11
Grant price per share
$0.0000 per share
Reported transaction price for restricted stock grant
Holdings after grant
159,760 shares
Total direct common stock held following transaction
Vesting period
3 years
Equal annual installments starting first anniversary of grant
Key Terms
restricted common stock, vest, Board of Directors, grant date
4 terms
restricted common stock financial
"The 35,000 shares of restricted common stock will vest in equal annual installments"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
vest financial
"will vest in equal annual installments over three years beginning on the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board of Directors financial
"subject to Mr. Kaplan's continued service on the Company's Board of Directors on such dates"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
grant date financial
"beginning on the first anniversary of the grant date subject to Mr. Kaplan's continued service"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What insider transaction did Nuvectis Pharma (NVCT) report for Matthew L. Kaplan?
Nuvectis Pharma reported that director Matthew L. Kaplan received a grant of 35,000 shares of restricted common stock. The shares were awarded as compensation, not bought on the open market, and increase his total direct holdings in the company’s common stock.
Did Matthew L. Kaplan buy or sell Nuvectis Pharma (NVCT) stock on the market?
Matthew L. Kaplan did not buy or sell Nuvectis Pharma stock on the open market in this filing. He received 35,000 restricted common shares as a grant, which is a compensation-related award at no stated purchase price per share.
Is the Nuvectis Pharma (NVCT) Form 4 transaction for Matthew L. Kaplan routine compensation?
The transaction is reported with code "A" for a grant or award, indicating compensation-related issuance of 35,000 restricted shares. Such equity awards to directors are generally part of standard compensation practices rather than discretionary trading activity in the open market.