Petros Pharmaceuticals (PTPI) director reports 1.88M RSU-based share ownership
Rhea-AI Filing Summary
Petros Pharmaceuticals, Inc. reported that a director acquired additional equity through a stock-based compensation grant. On 01/02/2026, the reporting person received 1,875,000 Restricted Stock Units (RSUs) of Petros common stock at a price of $0 per unit, recorded as an acquisition. Following this grant, the director beneficially owns 1,887,334 shares of common stock in direct ownership.
The filing explains that 50% of the RSUs vested on the grant date and the remaining 50% will vest on the six-month anniversary of the grant, provided the director is still providing services to the company at that time. Each RSU converts into one share of common stock. The share amounts in the filing have been adjusted to reflect the company’s previously effected 1-for-25 reverse stock split of its common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,875,000 | $0.00 | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs"). 50% of the RSUs vested on the date of grant and the remaining 50% will vest on the six month anniversary of the date of grant, provided that the Reporting Person is providing services to the Issuer on such vesting date. Each RSU represents the right to receive one share of common stock, par value $0.0001 per share (the "Common Stock"), of the Issuer. Amounts adjusted for the Issuer's 1-for-25 reverse stock split of the Issuer's Common Stock, effective as of 4:05 p.m. (New York time) on April 30, 2025.
FAQ
What insider transaction did Petros Pharmaceuticals (PTPI) report in this Form 4?
The company reported that a director acquired 1,875,000 RSUs of Petros Pharmaceuticals common stock on 01/02/2026, recorded as an acquisition at a price of $0 per unit.
How do the RSUs granted by Petros Pharmaceuticals (PTPI) vest?
Of the 1,875,000 RSUs, 50% vested on the grant date, and the remaining 50% will vest on the six-month anniversary of the grant, if the director is still providing services to the company at that time.
What does each RSU represent in the Petros Pharmaceuticals (PTPI) Form 4 filing?
Each RSU represents the right to receive one share of Petros Pharmaceuticals common stock, par value $0.0001 per share.
What is the relationship of the reporting person to Petros Pharmaceuticals (PTPI)?
The reporting person in the Form 4 is identified as a Director of Petros Pharmaceuticals, Inc.