Algorhythm director granted options and stock
Algorhythm Holdings, Inc. director Thorn Scott received new equity compensation in the form of stock options and restricted stock.
Rhea-AI Filing Summary
Algorhythm Holdings, Inc. director Thorn Scott received new equity compensation in the form of stock options and restricted stock. On the grant date, he was awarded a non-qualified stock option covering 39,063 shares of common stock at an exercise price of $1.28 per share, expiring on November 20, 2035. These options vest and become exercisable in equal quarterly installments over one year. He also received a restricted stock award for 19,532 shares of common stock, which likewise vests in equal quarterly installments over one year. Both awards were granted under the company’s 2022 Equity Incentive Plan and represent compensation grants, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 39,063 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 19,532 | $0.00 | $0.00 |
Footnotes (3)
- F1. The reported transaction involved the Reporting Person's receipt of a restricted stock award for 19,532 shares of the Issuer's common stock (the "RSA"). The RSA was granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan. The RSA represents a contingent right to receive 19,532 shares of the Issuer's common stock. The RSA vests in equal quarterly installments over a period of one year from the date of grant.
- F2. The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 39,063 shares of the Issuer's common stock. The option was granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan.
- F3. The shares subject to the non-qualified stock option vest and become exercisable in equal quarterly installments over a period of one (1) year from the date of grant.
Key Figures
Key Terms
restricted stock award financial
non-qualified stock option financial
2022 Equity Incentive Plan financial
vests in equal quarterly installments financial
exercise price financial
FAQ
What equity awards did Algorhythm (RIME) director Thorn Scott receive?
What is the exercise price and term of Thorn Scott’s new stock options at Algorhythm (RIME)?
How do Thorn Scott’s Algorhythm (RIME) restricted stock and options vest?
Are Thorn Scott’s Algorhythm (RIME) Form 4 transactions open-market buys or sells?
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