RideNow Group (RDNW) grants director 12,903 Class B stock units
Rhea-AI Filing Summary
Coulter William reported acquisition or exercise transactions in this Form 4 filing.
RideNow Group director and 10% owner William Coulter received an award of 12,903 restricted stock units linked to Class B common stock at no cash cost. These units will vest on the earlier of the day immediately preceding the first annual meeting following the grant date or June 4, 2027.
Each restricted stock unit represents a contingent right to receive one share of Class B common stock. After this award, Coulter is reported as beneficially owning 6,852,614 Class B shares, including 1,317,005 shares held by The WRC 2021 Irrevocable Trust where he serves as trustee and 67,410 shares held by WJC Properties, L.L.C., where he serves as manager.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,903 shares
Net Buy
1 txn
Insider
Coulter William
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 12,903 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 6,852,614 shares (Direct)
Footnotes (2)
- F1. Represents an annual award of restricted stock units, which will vest and become exerciseable on the earlier of (i) the day immediately preceding the date of the first annual meeting following the date of the grant and (ii) June 4, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B common stock.
- F2. Includes 1,317,005 shares of Class B common stock of the Issuer held by The WRC 2021 Irrevocable Trust, for which Mr. Coulter serves as Trustee, and 67,410 shares of Class B common stock of the Issuer held by WJC Properties, L.L.C., for which Mr. Coulter serves as Manager.
Key Figures
RSU award size: 12,903 units
Shares after transaction: 6,852,614 shares
Trust-held shares: 1,317,005 shares
+2 more
5 metrics
RSU award size
12,903 units
Grant of restricted stock units on Class B common stock
Shares after transaction
6,852,614 shares
Total Class B common stock beneficially owned following award
Trust-held shares
1,317,005 shares
Class B shares held by The WRC 2021 Irrevocable Trust
LLC-held shares
67,410 shares
Class B shares held by WJC Properties, L.L.C.
Vesting latest date
June 4, 2027
Latest possible vesting date for RSU award
Key Terms
restricted stock units, Class B common stock, Irrevocable Trust, contingent right
4 terms
restricted stock units financial
"Represents an annual award of restricted stock units, which will vest"
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.
Class B common stock financial
"one share of the Issuer's Class B common stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Irrevocable Trust financial
"held by The WRC 2021 Irrevocable Trust, for which Mr. Coulter serves"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What did RideNow Group (RDNW) insider William Coulter report on this Form 4?
William Coulter reported receiving 12,903 restricted stock units tied to Class B common stock. The award was granted at no cash cost and increases his reported beneficial ownership to 6,852,614 Class B shares, including shares held through a trust and an LLC he manages.
Is the RideNow Group (RDNW) Form 4 transaction an open-market buy or a grant?
The Form 4 shows a grant or award acquisition, not an open-market purchase. Coulter received 12,903 restricted stock units for no cash consideration, classified under transaction code A, which denotes a grant, award, or other acquisition rather than a market trade.
When do William Coulter’s new RideNow Group (RDNW) restricted stock units vest?
The restricted stock units vest on the earlier of two dates. They become exercisable the day immediately before the first annual meeting following the grant date, or on June 4, 2027, whichever occurs first, according to the footnote disclosure.
What does each RideNow Group (RDNW) restricted stock unit represent for William Coulter?
Each restricted stock unit gives Coulter a contingent right to receive one share of Class B common stock. The units only convert into actual shares once the vesting condition is met, either before the first annual meeting after grant or on June 4, 2027.
How are trust and LLC holdings treated in William Coulter’s RideNow Group (RDNW) Form 4?
The Form 4 notes that his total includes 1,317,005 Class B shares held by The WRC 2021 Irrevocable Trust and 67,410 shares held by WJC Properties, L.L.C. Coulter serves as trustee and manager, respectively, so these holdings are included in his beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
