Nuvectis Pharma (NVCT) director granted 35,000 restricted common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hoberman Kenneth reported acquisition or exercise transactions in this Form 4 filing.
Nuvectis Pharma, Inc. director Kenneth Hoberman received a grant of 35,000 shares of restricted common stock. The award was granted at no cash cost per share and is a form of equity compensation 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 Hoberman continues serving on the company’s Board of Directors. After this grant, he directly holds 168,140 shares of common stock, which includes restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoberman Kenneth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 168,140 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. Hoberman'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
Total holdings after grant: 168,140 shares
+1 more
4 metrics
Restricted stock grant
35,000 shares
Equity award of common stock
Grant price per share
$0.0000 per share
Reported transaction price
Total holdings after grant
168,140 shares
Common stock directly owned post-transaction
Vesting period
3 years
Equal annual installments from first anniversary
Key Terms
restricted common stock, vest, grant date
3 terms
restricted common stock financial
"The 35,000 shares of restricted common stock will vest in equal annual installments over three years"
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 of the grant date"
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.
grant date financial
"beginning on the first anniversary of the grant date subject to Mr. Hoberman'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 did Nuvectis Pharma (NVCT) director Kenneth Hoberman report in this Form 4?
Kenneth Hoberman reported receiving 35,000 shares of restricted common stock as an equity grant. The award was issued at no cash cost per share and increased his direct holdings to 168,140 shares of Nuvectis Pharma common stock, including restricted shares.
Is Kenneth Hoberman buying or selling Nuvectis Pharma (NVCT) stock in this filing?
This filing shows an acquisition through an equity grant, not a market trade. Hoberman received 35,000 restricted shares as compensation, coded as a grant or award, with no open-market buying or selling activity disclosed in this Form 4 transaction.
What are Kenneth Hoberman’s total Nuvectis Pharma (NVCT) holdings after this grant?
After the grant, Hoberman directly holds 168,140 shares of Nuvectis Pharma common stock. This total includes the newly granted restricted shares and other restricted common stock already held, as indicated in the Form 4 footnote disclosure.
Does this Nuvectis Pharma (NVCT) Form 4 indicate any derivative or option exercises?
The Form 4 reflects only a non-derivative equity grant of common stock. It reports no derivative securities, option exercises, or other derivative transactions, and the derivative holdings section in the provided data is empty for this filing.