OptimizeRx (NASDAQ: OPRX) director receives 34,517 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spangler Patrick D reported acquisition or exercise transactions in this Form 4 filing.
OptimizeRx Corp director Patrick D. Spangler received an equity award of 34,517 shares of common stock in the form of restricted stock units. The units carry a contingent right to receive OptimizeRx common stock and will vest in full on the earlier of the first anniversary of the June 9, 2026 grant date or the company’s next annual meeting of shareholders. Following this grant, he directly owns 78,732 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spangler Patrick D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,517 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 78,732 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 34,517 shares
Grant price per share: $0.00 per share
Shares owned after grant: 78,732 shares
+2 more
5 metrics
RSU grant size
34,517 shares
Restricted stock units of OptimizeRx common stock granted June 9, 2026
Grant price per share
$0.00 per share
Equity compensation grant, no cash paid by recipient
Shares owned after grant
78,732 shares
Direct OptimizeRx common stock holdings following reported transaction
Vesting trigger
Earlier of 1 year or next annual meeting
RSUs vest in full on earlier of first anniversary of grant or next shareholder meeting
Transaction type
Grant, award, or other acquisition
Form 4 code A, classified as grant/award acquisition of common stock
Key Terms
restricted stock units, contingent right, annual meeting of shareholders, Form 4, +1 more
5 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares of OptimizeRx common stock."
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.
contingent right financial
"restricted stock units representing a contingent right to receive shares of OptimizeRx common stock."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
director financial
"Spangler Patrick D is listed as a director of OptimizeRx Corp."
FAQ
What insider transaction did OptimizeRx (OPRX) report for Patrick D. Spangler?
OptimizeRx reported that director Patrick D. Spangler received a grant of 34,517 restricted stock units of common stock. These units are part of his equity compensation and represent a contingent right to receive OptimizeRx shares upon vesting, rather than an open-market purchase.
What are the vesting terms of Patrick D. Spangler’s restricted stock units in OptimizeRx (OPRX)?
The 34,517 restricted stock units will vest in full on the earlier of the first anniversary of the June 9, 2026 grant date or the date of OptimizeRx’s next annual meeting of shareholders. Vesting must occur before the units convert into actual shares.
Was Patrick D. Spangler’s OptimizeRx (OPRX) Form 4 transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a grant of 34,517 restricted stock units at a stated price of $0.00 per share, reflecting equity compensation rather than buying or selling OptimizeRx stock on the open market.