Odyssey Marine director exercises 20,000 RSUs
Odyssey Marine Exploration director Mark B. Justh exercised 20,000 Restricted Stock Units into Common Stock.
Rhea-AI Filing Summary
Odyssey Marine Exploration director Mark B. Justh exercised 20,000 Restricted Stock Units into Common Stock. The RSUs converted at $0.00 per share on June 1, 2026, increasing his direct Common Stock holdings to 879,207 shares. After these transactions, he also reports indirect ownership of 77,159 Common Stock shares held by his spouse and 834 Common Stock shares held through an LLC. The filing shows a compensation-related derivative exercise rather than open-market buying or selling, and no remaining RSU position is listed after the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,000 shares exercised/converted
Exercise
4 txns
Insider
Justh Mark B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 contracts (Direct);
Common Stock — 879,207 shares (Direct);
Common Stock — 834 shares (Indirect, Indirect Ownership LLC);
Common Stock — 77,159 shares (Indirect, Indirect By Spouse)
Footnotes (1)
- F1. Restricted Stock Awards vest on June 1, 2026
Key Figures
RSUs exercised: 20,000 shares
Exercise price: $0.00 per share
Direct holdings after transaction: 879,207 shares
+2 more
5 metrics
RSUs exercised
20,000 shares
Restricted Stock Units converted to Common Stock on June 1, 2026
Exercise price
$0.00 per share
Conversion price for 20,000 RSUs into Common Stock
Direct holdings after transaction
879,207 shares
Common Stock directly owned by Mark B. Justh following RSU exercise
Indirect spouse holdings
77,159 shares
Common Stock reported as indirectly owned through spouse
Indirect LLC holdings
834 shares
Common Stock reported as indirectly owned via LLC
Key Terms
Restricted Stock Unit (RSU), Exercise or conversion of derivative security, Indirect Ownership LLC
3 terms
Restricted Stock Unit (RSU) financial
"Restricted Stock Unit (RSU) transaction converting 20,000 units into Common Stock"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Indirect Ownership LLC financial
"nature_of_ownership: Indirect Ownership LLC"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mark B. Justh report at Odyssey Marine Exploration (OMEX)?
Mark B. Justh reported exercising 20,000 Restricted Stock Units into Common Stock at $0.00 per share. This compensation-related derivative exercise increased his direct Common Stock holdings to 879,207 shares without any open-market buying or selling activity disclosed.
Were the Odyssey Marine Exploration (OMEX) transactions open-market purchases or sales?
The filing shows no open-market purchases or sales. Instead, it records a derivative exercise where 20,000 Restricted Stock Units converted into Common Stock at $0.00 per share, a typical compensation-related vesting and conversion event for an insider.
How are indirect Odyssey Marine Exploration (OMEX) holdings reported for Mark B. Justh?
Indirect holdings are reported separately from direct ownership. The Form 4 lists 77,159 Common Stock shares held indirectly through his spouse and 834 Common Stock shares held indirectly via an LLC, both categorized as indirect ownership interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
