Oncotelic CEO granted RSUs tied to uplisting
Trieu Vuong reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Trieu Vuong reported acquisition or exercise transactions in this Form 4 filing.
Oncotelic Therapeutics reports that Chairman and CEO Trieu Vuong received a grant of 2,000 restricted stock units on July 10, 2026. Each RSU can settle into one share of Series A Convertible Preferred Stock, which is convertible into 1,000 common shares, subject to performance- and time-based vesting. The RSUs vest only if the company uplists its common stock to a national securities exchange by June 30, 2027 (or a later board-approved date) and Vuong remains in service for six months after uplisting. After these reported holdings, Vuong owns 94,124,319 common shares directly and holds additional shares indirectly, including 6,872,529 through his spouse and 16,780,384 through Autotelic Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,000 shares
Grant/Award
4 txns
Insider
Trieu Vuong
Role
CHAIRMAN AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock Units F1, F2 | 2,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock Units — 2,000 contracts (Direct);
Common Stock — 94,124,319 shares (Direct);
Common Stock — 16,780,384 shares (Indirect, By Autotelic Inc.);
Common Stock — 6,872,529 shares (Indirect, By spouse)
Footnotes (2)
- F1. On July 10, 2026, the reporting person was granted 2,000 restricted stock units ("RSUs"), subject to performance and time-based vesting. On vesting each RSU will immediately be settled by delivery of, and each RSU represents the contingent right to receive, one share of the issuer's Series A Convertible Preferred Stock, par value $0.01. Each share of Series A Convertible Preferred Stock, in turn, is convertible into 1,000 shares of the issuer's common stock, par value $0.01 per share.
- F2. The RSU's will vest upon (a) achievement of an uplisting of the issuer's common stock to a national securities exchange on or before June 30, 2027 (or such later date as the Board of Directors may approve), subject to the reporting person's continued service for a period of six months following the uplisting.
Key Figures
RSUs granted: 2,000 units
Conversion ratio: 1,000 common shares per preferred share
Direct common shares: 94,124,319 shares
+3 more
6 metrics
RSUs granted
2,000 units
Restricted stock units granted to Trieu Vuong on July 10, 2026
Conversion ratio
1,000 common shares per preferred share
Each Series A Convertible Preferred share is convertible into common stock
Direct common shares
94,124,319 shares
Common stock held directly by Trieu Vuong following reported transactions
Indirect shares by spouse
6,872,529 shares
Common stock held indirectly through spouse following reported transactions
Indirect shares by Autotelic Inc.
16,780,384 shares
Common stock held indirectly through Autotelic Inc. following reported transactions
RSU vesting deadline
June 30, 2027
Latest date for uplisting condition before any later board-approved extension
Key Terms
restricted stock units, Series A Convertible Preferred Stock, uplisting, national securities exchange, +1 more
5 terms
restricted stock units financial
"the reporting person was granted 2,000 restricted stock units"
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.
Series A Convertible Preferred Stock financial
"one share of the issuer's Series A Convertible Preferred Stock"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
uplisting financial
"achievement of an uplisting of the issuer's common stock"
Uplisting occurs when a company's stock moves from a less regulated, smaller exchange to a more established and widely recognized one. This transition can make the stock more accessible and attractive to a broader range of investors, potentially increasing its value and trading volume. For investors, uplisting often signals growth and stability, which can influence confidence and trading decisions.
national securities exchange financial
"uplisting of the issuer's common stock to a national securities exchange"
A national securities exchange is a regulated marketplace where buyers and sellers trade stocks, bonds and other securities and where companies meet requirements to have their shares available to the public. It matters to investors because the exchange enforces rules, provides transparent prices and a steady flow of buyers and sellers—like a supervised marketplace that helps ensure fair pricing, easier buying and selling, and basic investor protections.
contingent right financial
"each RSU represents the contingent right to receive, one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
