ONDS Director Cohen Reports 21,035 RSU Vesting|Ondas Holdings Insider Sells $12.8K in Stock|ONDS Director Exercises RSUs, Sells for Tax Obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ondas Holdings director Richard M. Cohen reported multiple transactions on June 17, 2025. Cohen received 21,035 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at $0 cost basis. Subsequently, 7,567 shares were sold at $1.69 per share to cover tax liabilities related to the RSU vesting. These transactions were part of a larger RSU grant of 84,139 units from November 18, 2024, which vests in four equal installments throughout 2025. Following these transactions, Cohen directly owns 182,855 shares of common stock and 42,069 unvested RSUs. The RSU grant includes an acceleration clause triggering immediate full vesting upon a change in control. This filing reflects standard equity compensation practices for board members and tax-related share sales.
Positive
- Director Richard M. Cohen received 21,035 shares from vesting RSUs, retaining a significant portion (approximately 64%) after tax-related sales, demonstrating continued alignment with shareholder interests
- The director maintains a substantial position of 182,855 shares after the transactions, showing long-term commitment to the company
- The RSU vesting schedule continues through October 2025, providing ongoing retention incentives
Negative
- Sale of 7,567 shares at $1.69 per share, though this was specifically for tax obligations rather than discretionary selling
- The relatively low share price of $1.69 indicates potential market concerns about the company's valuation or performance
Insider Trade Summary
Net Seller: 7,567 shares ($12,788)
Net Sell
3 txns
Insider
COHEN RICHARD M
Role
Director
Sold
7,567 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,035 | $0.00 | -- |
| Exercise | Common Stock | 21,035 | $0.00 | -- |
| Sale | Common Stock | 7,567 | $1.69 | $13K |
Holdings After Transaction:
Restricted Stock Units — 42,069 shares (Direct);
Common Stock — 190,422 shares (Direct)
Footnotes (1)
- Represents shares of Ondas Holdings Inc. (the "Company") common stock, par value $0.0001 per share ("Common Stock"), received upon vesting of Restricted Stock Units ("RSUs"). These shares were sold by the Company to fund tax liability attributable to the vesting of the RSUs. Each RSU represents a contingent right to receive one share of Common Stock. On November 18, 2024, the reporting person was granted 84,139 RSUs. The RSUs vest 25% on each of January 1, 2025, April 1, 2025, July 1, 2025, and October 1, 2025, provided that the reporting person is a director of the Company on the applicable vesting date. All RSUs granted to the reporting person shall vest in full immediately upon a change in control. In connection with the vesting of these RSUs, 21,035 shares of Common Stock were delivered to the reporting person on June 17, 2025.
FAQ
What is the vesting schedule for Richard Cohen's ONDS RSU grant from November 2024?
The RSUs granted on November 18, 2024 (84,139 units) vest in four equal installments of 25% each on January 1, April 1, July 1, and October 1, 2025, contingent on Cohen remaining a director. The RSUs fully vest immediately upon a change in control.
What positions does Richard Cohen hold at ONDS?
According to the Form 4 filing, Richard Cohen serves as a Director of Ondas Holdings Inc. (ONDS).