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Perfect Moment (PMNT) CFO/COO awarded 250K RSUs with multi-year vesting

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Perfect Moment Ltd. (PMNT) insider Chath J. Weerasinghe received a grant of 250,000 restricted stock units (RSUs) under the companys 2021 Equity Incentive Plan, increasing reported beneficial ownership to 550,000 common stock equivalents following the transaction. The RSUs are contingent rights to receive common stock upon vesting and vest in equal installments beginning December 31, 2025, then quarterly on March 31, June 30, September 30 and December 31 across 20262028 and on March 31, June 30 and September 30, 2029. The transaction date reported is September 18, 2025.

Positive

  • 250,000 RSUs granted to CFO/COO, increasing beneficial ownership to 550,000 common stock equivalents
  • Clear multi-year vesting schedule beginning 12/31/2025 with quarterly installments through 2029 supports executive retention

Negative

  • None.

Insights

TL;DR: Routine executive equity award increases insider stake with a multi-year vesting schedule, typical for retention.

The filing documents a standard grant of 250,000 RSUs to the issuers CFO/COO, recorded as a purchase-equivalent acquisition on 09/18/2025, raising beneficial ownership to 550,000 RSU-equivalent shares. The multi-year, quarterly vesting schedule starting 12/31/2025 aligns with retention incentives and ties executive compensation to future service and potential stock performance. There is no disclosure of exercise price, transfers, or sales, and no indication of accelerated vesting or 10b5-1 plan use.

TL;DR: Compensation committee granted time-based RSUs with staggered quarterly vesting to retain senior financial leadership.

The award is described as restricted stock units under the 2021 Equity Incentive Plan and is a common form of long-term incentive. Vesting in equal installments across 20262029 suggests emphasis on retention rather than immediate liquidity. The disclosure lacks performance conditions or acceleration clauses, implying straightforward time-based alignment of executive pay with tenure and long-term shareholder alignment.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WEERASINGHE CHATH J.

(Last) (First) (Middle)
244 FIFTH AVENUE
SUITE 1219

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Perfect Moment Ltd. [ PMNT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO, COO
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 09/18/2025 A 250,000(2) A (3) 550,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock units ("RSUs") pursuant to Issuer's 2021 Equity Incentive Plan, as amended. Such RSUs are common stock equivalents and represent a contingent right to receive common stock of Issuer upon vesting.
2. The RSUs vest in equal installments commencing on December 31, 2025, and thereafter on March 31, June 31, September 30, and December 31 of 2026, 2027, 2028, and March 31, June 30 and September 30, 2029.
3. Not applicable.
Remarks:
/s/ Chath J. Weerasinghe 09/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PMNT insider Chath J. Weerasinghe acquire on 09/18/2025?

He was granted 250,000 restricted stock units (RSUs) under the 2021 Equity Incentive Plan, reported as an acquisition on 09/18/2025.

How many shares does Chath J. Weerasinghe beneficially own after the transaction?

The filing reports 550,000 common stock equivalents beneficially owned following the reported transaction.

When do the RSUs vest for the PMNT grant?

Vesting begins 12/31/2025 then continues quarterly on March 31, June 30, September 30 and December 31 across 20262028 and on March 31, June 30 and September 30, 2029.

Are the RSUs performance-based or time-based according to the filing?

The filing describes the awards as restricted stock units (common stock equivalents) with a time-based vesting schedule; no performance conditions are disclosed.

What is the reporting date or signature date on the Form 4?

The Form 4 is signed by Chath J. Weerasinghe on 09/23/2025, with the earliest transaction date listed as 09/18/2025.
PERFECT MOMENT LTD

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