Rigel (NASDAQ: RIGL) director awarded 5,750 RSUs vesting before annual meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MILLER MICHAEL PATRICK reported acquisition or exercise transactions in this Form 4 filing.
RIGEL PHARMACEUTICALS INC director Michael Patrick Miller reported an equity grant of 5,750 shares of Common Stock via Restricted Stock Units. The award has a grant price of $0.00 per share because it is a compensation grant, not a market purchase.
According to the footnote, these Restricted Stock Units will fully vest on the date prior to the company’s next Annual Meeting, as long as Miller continues serving on the Board of Directors. After this grant, he holds 5,937 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MILLER MICHAEL PATRICK
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,750 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,937 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 5,750 shares
Grant price: $0.00 per share
Shares after transaction: 5,937 shares
+2 more
5 metrics
RSU grant size
5,750 shares
Restricted Stock Unit award to director on 2026-05-15
Grant price
$0.00 per share
Compensation-related RSU grant, not open-market purchase
Shares after transaction
5,937 shares
Total Common Stock directly held following the grant
Transaction code
A (grant, award, or other acquisition)
SEC Form 4 non-derivative transaction classification
Vesting condition
Fully vests before next Annual Meeting
Subject to continuous Board service
Key Terms
Restricted Stock Unit, Annual Meeting, Grant, award, or other acquisition, Common Stock
4 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 regulatory
"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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"The shares of Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did RIGEL (RIGL) director Michael Patrick Miller report?
Michael Patrick Miller reported receiving a grant of 5,750 shares of Common Stock through a Restricted Stock Unit award. This is a compensation-related acquisition at $0.00 per share, not an open-market stock purchase or sale.
Is the RIGEL (RIGL) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not a purchase. Miller received 5,750 shares through a Restricted Stock Unit award, classified with code A for grant or award, meaning no cash was paid in a market transaction.
When will Michael Patrick Miller’s 5,750 RIGEL (RIGL) RSUs vest?
The 5,750 Restricted Stock Units will fully vest on the date before RIGEL’s next Annual Meeting. Vesting is contingent on Miller’s continuous service on the company’s Board of Directors through that time.