Rigel (NASDAQ: RIGL) EVP awarded 19,430 RSU-linked common shares
Rhea-AI Filing Summary
Santos David A reported acquisition or exercise transactions in this Form 4 filing.
Rigel Pharmaceuticals executive David A. Santos reported an equity grant. He was awarded 19,430 shares of common stock at a price of $0.00 per share, tied to a Restricted Stock Unit award. The RSUs will vest quarterly over three years, starting on March 31, 2026, increasing his direct ownership to 62,870 shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 19,430 shares
Net Buy
1 txn
Insider
Santos David A
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,430 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 62,870 shares (Direct)
Footnotes (1)
- F1. The shares of common stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. The Restricted Stock Units shall vest quarterly over three (3) years, with the first quarterly vest occurring on March 31, 2026.
FAQ
What did RIGL executive David A. Santos report on this Form 4?
David A. Santos reported an equity grant of 19,430 shares of Rigel Pharmaceuticals common stock. These shares relate to a Restricted Stock Unit award that vests over three years, rather than an immediate open-market purchase or sale.
What is the vesting schedule for David A. Santos’s RIGL Restricted Stock Units?
The Restricted Stock Units vest quarterly over three years. The first quarterly vesting occurs on March 31, 2026, with additional quarterly vestings thereafter until the full 19,430-share award has vested, assuming continued service and satisfaction of applicable conditions.
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