Pattern Group (PTRN) director receives 11,356 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Scott reported acquisition or exercise transactions in this Form 4 filing.
Pattern Group Inc. director Hilton Scott reported an equity compensation grant in the form of restricted stock units. He was awarded 11,356 shares of Series A common stock on May 15, 2026, at a stated price of $0.00 per share, reflecting a grant rather than an open‑market purchase.
The RSUs fully vest on the earlier of May 15, 2027, or the date of Pattern Group’s 2027 Annual Meeting of Stockholders, as long as Scott continues to serve the company through that date. After this grant, he directly holds 61,356 shares of Series A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilton Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series A Common Stock | 11,356 | $0.00 | -- |
Holdings After Transaction:
Series A Common Stock — 61,356 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 11,356 shares
Grant price: $0.00 per share
Post-grant holdings: 61,356 shares
+1 more
4 metrics
RSU grant size
11,356 shares
Restricted stock units granted on May 15, 2026
Grant price
$0.00 per share
Equity compensation grant, not an open-market purchase
Post-grant holdings
61,356 shares
Total Series A common shares directly held after transaction
RSU vesting date
Earlier of May 15, 2027 or 2027 annual meeting
Service-based vesting condition for the RSU award
Key Terms
restricted stock units (RSUs), Series A common stock, Annual Meeting of Stockholders, Grant, award, or other acquisition
4 terms
restricted stock units (RSUs) financial
"These shares represent restricted stock units (RSUs) granted on May 15, 2026, which fully vest on the earlier of (i) May 15, 2027..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Series A common stock financial
"Each RSU represents a contingent right to receive one share of Series A common stock."
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
Annual Meeting of Stockholders financial
"which fully vest on the earlier of (i) May 15, 2027, or (ii) the date of the issuer's 2027 Annual Meeting of Stockholders"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Pattern Group (PTRN) director Hilton Scott report in this Form 4?
Hilton Scott reported receiving a grant of 11,356 restricted stock units of Pattern Group Series A common stock. The award is equity compensation, not an open-market stock purchase, and increases his direct holdings to 61,356 shares following the transaction.
When do Hilton Scott’s new Pattern Group (PTRN) RSUs vest?
The RSUs vest on the earlier of May 15, 2027, or the date of Pattern Group’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on Hilton Scott’s continued service with the company through the applicable vesting date outlined in the award terms.
What does each restricted stock unit in this Pattern Group (PTRN) grant represent?
Each restricted stock unit represents a contingent right to receive one share of Pattern Group Series A common stock. Shares are delivered only after the RSUs vest, which requires Hilton Scott to remain in service until the specified vesting date or earlier annual meeting.