Nuvectis Pharma (NASDAQ: NVCT) awards 150,000 restricted shares
Rhea-AI Filing Summary
Nuvectis Pharma, Inc. reported an equity grant to a senior officer. Chief Science & Business Officer Enrique Poradosu received 150,000 shares of restricted common stock on January 6, 2026, at a stated price of $0 per share, reflecting a compensatory award rather than an open-market purchase.
The 150,000 restricted shares will vest in equal annual installments over three years, beginning on the first anniversary of the grant date, and are conditioned on Mr. Poradosu’s continued service on each vesting date. Following this grant, he beneficially owned 1,806,319 shares of Nuvectis common stock, which includes restricted shares.
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FAQ
What insider transaction did Nuvectis Pharma (NVCT) disclose?
Nuvectis Pharma disclosed that Chief Science & Business Officer Enrique Poradosu was granted 150,000 shares of restricted common stock on January 6, 2026.
Was the Nuvectis Pharma (NVCT) insider grant a market purchase or a compensation award?
The Form 4 shows transaction code A and a price of $0 per share, indicating the 150,000 shares were awarded as equity compensation, not bought in the market.
What is the vesting schedule for the 150,000 restricted Nuvectis (NVCT) shares?
The 150,000 restricted shares will vest in equal annual installments over three years, starting on the first anniversary of the grant date, subject to Mr. Poradosu’s continued service.
How many Nuvectis Pharma (NVCT) shares does Enrique Poradosu own after this transaction?
After the grant, Enrique Poradosu beneficially owned 1,806,319 shares of Nuvectis common stock, including restricted shares.
Is Enrique Poradosu’s ownership in Nuvectis (NVCT) direct or indirect?
The Form 4 reports Mr. Poradosu’s 1,806,319 shares as held with direct ownership, with no separate indirect ownership entity noted.
What is Enrique Poradosu’s role at Nuvectis Pharma (NVCT)?
Enrique Poradosu is an officer of Nuvectis Pharma, serving as Chief Science & Business Officer, according to the filing.