Newton Golf (NWTG) CTO awarded 261,780 restricted stock units
Rhea-AI Filing Summary
Newton Golf Company, Inc. director and Chief Technology Officer Yorihiro Akinobu reported an equity compensation award. He acquired 261,780 shares of Common Stock at a reported price of $0.00 per share, bringing his direct holdings after the award to 498,870 shares.
The award represents restricted stock units that vest in three substantially equal installments on June 24, 2027, June 24, 2028 and June 24, 2029, conditioned on his continued service through each vesting date. This filing reflects a compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yorihiro Akinobu
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 261,780 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 498,870 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 261,780 shares
Grant price per share: $0.00 per share
Post-grant holdings: 498,870 shares
+3 more
6 metrics
Equity grant size
261,780 shares
Common Stock granted to CTO on June 24, 2026
Grant price per share
$0.00 per share
Reported transaction price for the award
Post-grant holdings
498,870 shares
Total Common Stock directly owned after transaction
First vesting date
June 24, 2027
First of three substantially equal RSU vesting installments
Second vesting date
June 24, 2028
Second RSU vesting installment, subject to continued service
Third vesting date
June 24, 2029
Final RSU vesting installment, subject to continued service
Key Terms
restricted stock units, vest, continued service, Chief Technology Officer
4 terms
restricted stock units financial
"These restricted stock units vest in three substantially equal installments..."
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.
vest financial
"These restricted stock units vest in three substantially equal installments..."
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.
continued service financial
"subject to the Reporting Person's continued service through each such vesting date"
Chief Technology Officer financial
"officer_title": "Chief Technology Officer""
The chief technology officer is the senior executive who sets a company's technology vision and oversees development, engineering, and technical operations—think of them as the lead architect and head mechanic who decides what tools the business builds and how they run. Their choices affect product direction, cost structure, cybersecurity and scalability, so investors watch the CTO to gauge a company’s ability to innovate, compete and manage technical risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Newton Golf (NWTG) CTO Yorihiro Akinobu report in this Form 4?
He reported an equity compensation award of 261,780 shares of Common Stock at a stated price of $0.00 per share, increasing his direct holdings to 498,870 shares immediately after the grant, according to the filing’s post-transaction ownership figure.
Is the Newton Golf (NWTG) Form 4 transaction an open-market purchase or a grant?
The transaction is a grant or award acquisition, not an open-market purchase. The Form 4 uses transaction code "A" for a grant, and the price per share is reported as $0.00, indicating compensation rather than a market trade.
What is the vesting schedule for Yorihiro Akinobu’s restricted stock units at Newton Golf (NWTG)?
These restricted stock units vest in three substantially equal installments on June 24, 2027, June 24, 2028, and June 24, 2029. Vesting is subject to his continued service with the company through each respective vesting date, as described in the footnote.
Does the Newton Golf (NWTG) Form 4 indicate any derivative securities or option exercises?
No derivative securities or option exercises are reported in this Form 4. The filing only shows a non-derivative acquisition of Common Stock via a grant, and the derivative summary section is empty in the provided data.