RIME director receives new stock and option grants
Algorhythm Holdings, Inc. director Bernardo Melo reported receiving new equity awards as part of his compensation.
Rhea-AI Filing Summary
Algorhythm Holdings, Inc. director Bernardo Melo reported receiving new equity awards as part of his compensation. He was granted a restricted stock award covering 19,532 shares of common stock under the company’s 2022 Equity Incentive Plan, which vests in equal quarterly installments over one year from the grant date.
He was also granted a non-qualified stock option to purchase 39,063 shares of common stock at an exercise price of $1.28 per share, expiring in 2035. These options vest and become exercisable in equal quarterly installments over one year, and there were no open-market purchases or sales reported.
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
contingent right to receive financial
FAQ
What insider transactions did RIME director Bernardo Melo report on this Form 4?
What are the key terms of Bernardo Melo’s new stock options in Algorhythm Holdings (RIME)?
Are Bernardo Melo’s RIME equity awards immediately vested or subject to a schedule?
Did the RIME Form 4 show any open-market buying or selling by Bernardo Melo?
Under which plan were Bernardo Melo’s new RIME equity awards granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.