Director Ezra Friedberg (PTHS) files amended RSU equity grants
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Friedberg Ezra M reported acquisition or exercise transactions in this Form 4 filing.
Pelthos Therapeutics director Ezra M. Friedberg reported amended share awards tied to board compensation. The Form 4/A reclassifies prior filings so that restricted stock units (RSUs) granted under the 2023 Equity Incentive Plan now appear in the non-derivative table, each RSU delivering one share of common stock as it vests.
RSU awards cover 19,108 shares on July 2, 2025, 2,454 shares on November 13, 2024, and 6,450 shares on June 14, 2024, all at a stated price of $0.00 per share as compensation. These RSUs vest in equal quarterly installments over three years, subject to continued service. After the most recent award, Friedberg directly holds 82,585 common shares, with additional indirect holdings reported as 82,072 shares through Balmoral Financial Group LLC and 40,000 shares through Key Recovery Group LLC, which he may be deemed to beneficially own but disclaims except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Friedberg Ezra M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,108 | $0.00 | -- |
| Grant/Award | Common Stock | 2,454 | $0.00 | -- |
| Grant/Award | Common Stock | 6,450 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 82,585 shares (Direct);
Common Stock — 82,072 shares (Indirect, By Balmoral Financial Group LLC)
Footnotes (1)
- From June 18, 2024 to July 7, 2025, the reporting person filed multiple Form 4s relating to shares of common stock, par value $0.0001 per share ("Common Stock") of Pelthos Therapeutics Inc. (the "Issuer"), issuable upon settlement of restricted stock units of the Issuer ("RSUs") granted to the reporting person pursuant to the Issuer's 2023 Equity Incentive Plan, as amended from time to time (the "2023 Plan"), each of which represents the right to receive one (1) share of Common Stock, subject to the vesting terms of such RSUs, and may be settled solely in shares of Common Stock. The original grant of RSUs was reported in Table II of the Form 4s filed by the reporting person (the "Original Form 4s"). This Form 4 amendment (this "Amendment") is being filed to amend the Original Form 4s in order to report the grant of such RSUs in Table I. The RSUs were received as compensation for the reporting person's service as a member of the Issuer's board of directors pursuant to the 2023 Plan. The RSUs vest in equal installments on a quarterly basis after the date of such grant for a period of three years, so long as the reporting person remains in the service of the Issuer on each such anniversary. Amounts have been adjusted to reflect the 1-for-10 reverse stock split effected by the Issuer on July 1, 2025. Ezra Friedberg is the manager of Balmoral Financial Group LLC ("Balmoral") and the manager of Key Recovery Group LLC ("Key"). By virtue of these relationships, Mr. Friedberg may be deemed to beneficially own the shares of Common Stock held of record by each of Balmoral and Key. Mr. Friedberg disclaims any such beneficial ownership except to the extent of his pecuniary interest therein.
Key Figures
RSU grant July 2, 2025: 19,108 shares at $0.00
RSU grant November 13, 2024: 2,454 shares at $0.00
RSU grant June 14, 2024: 6,450 shares at $0.00
+3 more
6 metrics
RSU grant July 2, 2025
19,108 shares at $0.00
Common stock issuable from RSUs granted for board service
RSU grant November 13, 2024
2,454 shares at $0.00
Common stock issuable from RSUs under 2023 Plan
RSU grant June 14, 2024
6,450 shares at $0.00
Common stock issuable from RSUs under 2023 Plan
Direct holdings after latest grant
82,585 shares
Common stock directly held by Ezra M. Friedberg
Indirect holdings via Balmoral
82,072 shares
Common stock held by Balmoral Financial Group LLC
Indirect holdings via Key
40,000 shares
Common stock held by Key Recovery Group LLC
Key Terms
restricted stock units, 2023 Equity Incentive Plan, reverse stock split, beneficially own, +1 more
5 terms
restricted stock units financial
"issuable upon settlement of restricted stock units of the Issuer ("RSUs") granted to the reporting person"
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.
2023 Equity Incentive Plan financial
"RSUs granted to the reporting person pursuant to the Issuer's 2023 Equity Incentive Plan, as amended from time to time"
reverse stock split financial
"Amounts have been adjusted to reflect the 1-for-10 reverse stock split effected by the Issuer on July 1, 2025."
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
beneficially own financial
"Mr. Friedberg may be deemed to beneficially own the shares of Common Stock held of record by each of Balmoral and Key."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"Mr. Friedberg disclaims any such beneficial ownership except to the extent of his pecuniary interest therein."
FAQ
What does the Pelthos Therapeutics (PTHS) Form 4/A for Ezra Friedberg report?
The Form 4/A reports amended disclosure of restricted stock unit (RSU) grants to director Ezra M. Friedberg. It moves previously reported RSUs into the common stock table and clarifies they are equity compensation awards under the 2023 Equity Incentive Plan, vesting over three years.
How do the RSUs for Pelthos Therapeutics (PTHS) director Ezra Friedberg vest?
The RSUs granted to Ezra M. Friedberg vest in equal installments on a quarterly basis over three years from each grant date. Vesting continues only while he remains in service on the Pelthos Therapeutics board, aligning ongoing equity compensation with continued director service.
What indirect Pelthos Therapeutics (PTHS) holdings are associated with Ezra Friedberg?
The filing reports 82,072 Pelthos shares held by Balmoral Financial Group LLC and 40,000 shares held by Key Recovery Group LLC. As manager of both entities, Ezra M. Friedberg may be deemed to beneficially own these shares but disclaims beneficial ownership beyond his pecuniary interest.
Why were prior Pelthos Therapeutics (PTHS) Forms 4 amended for Ezra Friedberg?
Earlier forms had reported the RSU grants in the derivative securities table. This amendment updates those disclosures so the RSU-related common stock issuable upon settlement appears in the non-derivative table, aligning presentation with how the awards ultimately settle in common shares.