Research Solutions (RSSS) CRO forfeits 284K unvested shares to issuer
Rhea-AI Filing Summary
Research Solutions, Inc. reports that Chief Revenue Officer Sefton Cohen disposed of common stock through a forfeiture of 284000.0000 unvested restricted shares back to the company on 2026-07-31. According to the award terms, the shares were forfeited for no consideration upon termination of employment, leaving 75933.0000 shares held directly.
Positive
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Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 284,000 shares
Net Sell
1 txn
Insider
Cohen Sefton
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 284,000 | $2.20 | $625K |
Holdings After Transaction:
Common Stock — 75,933 shares (Direct)
Footnotes (1)
- F1. The reporting person forfeited these unvested shares of restricted stock to the Registrant for no consideration upon the termination of the reporting person's employment, in accordance with the terms of the applicable restricted stock award agreement.
Key Figures
Shares forfeited: 284000.0000 shares
Shares owned after transaction: 75933.0000 shares
Transaction date: 2026-07-31
+1 more
4 metrics
Shares forfeited
284000.0000 shares
Unvested restricted stock forfeited to the issuer on 2026-07-31 upon employment termination
Shares owned after transaction
75933.0000 shares
Direct common stock holdings reported after the forfeiture
Transaction date
2026-07-31
Date of disposition to issuer of unvested restricted stock
Form 4 price field
$2.2000 per share
Price per share field for the disposition; footnote states shares were forfeited for no consideration
Key Terms
Disposition to issuer, unvested shares of restricted stock, for no consideration, restricted stock award agreement
4 terms
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
for no consideration financial
"for no consideration upon the termination of the reporting person's employment"
restricted stock award agreement financial
"in accordance with the terms of the applicable restricted stock award agreement"
A restricted stock award agreement is a legal contract that grants someone company shares that are subject to limits — for example, they may only become fully owned after working at the company for a set time, meeting performance goals, or otherwise satisfying conditions. For investors, these agreements matter because they shape insider incentives, future share dilution when restrictions lift, and company compensation costs; think of it like a gift locked in a box that opens only after certain conditions are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Research Solutions (RSSS) report for Sefton Cohen?
Research Solutions reported that Chief Revenue Officer Sefton Cohen forfeited 284000.0000 unvested restricted shares of common stock back to the company. The forfeiture occurred upon termination of his employment and was made for no consideration under a restricted stock award agreement.
What triggered the forfeiture of Sefton Cohen’s unvested RSSS restricted stock?
The forfeiture was triggered by the termination of Sefton Cohen’s employment with Research Solutions. Under the applicable restricted stock award agreement, 284000.0000 unvested shares of restricted stock were forfeited to the issuer for no consideration on 2026-07-31.
Did a Rule 10b5-1 trading plan apply to this RSSS insider transaction?
The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed for this filing. The transaction is characterized as a forfeiture of unvested restricted stock upon employment termination, rather than an open-market trade under a trading plan.