Rigel (RIGL) board member receives 5,750 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wasman Jane reported acquisition or exercise transactions in this Form 4 filing.
RIGEL PHARMACEUTICALS INC director Jane Wasman received an equity grant of 5,750 shares of Common Stock. The award is structured as Restricted Stock Units that will fully vest on the date prior to the company’s next Annual Meeting, as long as she continues serving on the Board of Directors.
Following this grant, her direct holdings increase to 18,250 shares, reflecting routine, compensation-related equity rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wasman Jane
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,750 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,250 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,750 shares
Grant price per share: $0.00 per share
Shares held after grant: 18,250 shares
+1 more
4 metrics
Shares granted
5,750 shares
Restricted Stock Unit award on May 15, 2026
Grant price per share
$0.00 per share
Equity compensation award, not open-market purchase
Shares held after grant
18,250 shares
Total direct holdings following the reported transaction
Vesting condition
Fully vests before next Annual Meeting
Requires continuous service on Board of Directors
Key Terms
Restricted Stock Unit, Annual Meeting, Board of Directors
3 terms
Restricted Stock Unit financial
"The shares of Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Annual Meeting financial
"The Restricted Stock Units shall fully vest on the date prior to the Company's next Annual Meeting, subject to the Reporting Person's continuous service..."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Board of Directors financial
"...subject to the Reporting Person's continuous service on the Company's Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Rigel (RIGL) director Jane Wasman report in this Form 4?
Director Jane Wasman reported receiving 5,750 shares of Common Stock as a Restricted Stock Unit award. The equity grant is compensation for board service, not an open-market purchase, and increases her direct holdings to 18,250 shares after the transaction.
When do Jane Wasman’s Rigel (RIGL) Restricted Stock Units fully vest?
The Restricted Stock Units fully vest on the date prior to Rigel’s next Annual Meeting. Vesting is conditioned on her continuous service on the company’s Board of Directors through that date, aligning the award with ongoing governance responsibilities.
Is Jane Wasman’s Rigel (RIGL) Form 4 transaction a buy or a grant?
The Form 4 shows a grant, coded “A” for grant, award, or other acquisition, not an open-market buy. The 5,750 shares are to be acquired through Restricted Stock Units that vest over time, subject to her continued board service at Rigel Pharmaceuticals.