RTB Digital director reports equity award restructuring
RTB Digital, Inc. director Steven C. Fletcher reported administrative equity changes related to a prior business combination.
Rhea-AI Filing Summary
RTB Digital, Inc. director Steven C. Fletcher reported administrative equity changes related to a prior business combination. A restricted stock award originally granted on October 10, 2025 by RTB Digital was assumed by the combined company and converted into 690 shares of common stock, which continue to vest on the original schedule. A related stock option for 72,941 shares with a strike price of $1.89 per share, expiring on August 12, 2035, was also assumed on substantially the same terms. These Form 4 entries use code J, reflecting an internal restructuring of existing awards rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 73,631 shares
Other
2 txns
Insider
Fletcher Steven C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock par value $0.001 | 690 | $0.00 | $0.00 |
| Other | Stock Options | 72,941 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 72,941 contracts (Direct);
Common Stock par value $0.001 — 690 shares (Direct)
Footnotes (2)
- F1. Represents a restricted stock award originally granted by RTB Digital, Inc. on October 10, 2025, which was assumed by the Issuer in connection with the business combination between the Issuer and RTB Digital, Inc. Following the transaction, the award was converted into shares of the Issuer's common stock on substantially the same terms as in effect immediately prior to the transaction, with appropriate adjustments to the number of shares, and continues to vest in accordance with its original vesting schedule, subject to the Reporting Person's continued service with the Issuer.
- F2. Represents a stock option originally granted by RTB Digital, Inc. on August 12, 2025, which was assumed by the Issuer in connection with the business combination between the Issuer and RTB Digital, Inc. Following the transaction, the option became exercisable for shares of the Issuer's common stock on substantially the same terms as in effect immediately prior to the transaction, with appropriate adjustments to the number of underlying shares and exercise price, and continues to vest in accordance with its original vesting schedule, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Restricted stock shares: 690 shares
Option underlying shares: 72,941 shares
Option exercise price: $1.89 per share
+2 more
5 metrics
Restricted stock shares
690 shares
Common stock following award conversion
Option underlying shares
72,941 shares
Stock options following restructuring
Option exercise price
$1.89 per share
Conversion or exercise price for stock options
Option expiration
August 12, 2035
Stock option expiration date
Restructured equity total
73,631 shares
Total shares in restructuring transactions
Key Terms
restricted stock award, stock option, business combination, vesting schedule, +1 more
5 terms
restricted stock award financial
"Represents a restricted stock award originally granted by RTB Digital, Inc. on October 10, 2025, which was assumed by the Issuer in connection with the business combination"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
stock option financial
"Represents a stock option originally granted by RTB Digital, Inc. on August 12, 2025, which was assumed by the Issuer"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
business combination financial
"assumed by the Issuer in connection with the business combination between the Issuer and RTB Digital, Inc."
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
vesting schedule financial
"continues to vest in accordance with its original vesting schedule, subject to the Reporting Person's continued service"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
exercise price financial
"appropriate adjustments to the number of underlying shares and exercise price, and continues to vest"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Steven C. Fletcher report for RTB Digital (RTB)?
Steven C. Fletcher reported internal equity restructuring, not an open-market trade. A restricted stock award and stock option originally granted by RTB Digital were assumed by the combined company after a business combination, with terms and vesting largely preserved.
What restricted stock position does Steven C. Fletcher hold after this RTB Digital restructuring?
After the restructuring, Steven C. Fletcher holds 690 shares of RTB Digital common stock from a restricted stock award. The award was converted into issuer shares with adjusted amounts and continues to vest according to the original schedule, contingent on his continued service.
What are the key terms of Steven C. Fletcher’s RTB Digital stock options in this filing?
The filing lists a stock option for 72,941 underlying shares of RTB Digital common stock. The option carries an exercise price of $1.89 per share and an expiration date of August 12, 2035, and continues vesting on its original schedule after assumption.
How is the RTB Digital business combination reflected in Steven C. Fletcher’s Form 4?
The business combination is reflected through assumed equity awards. A restricted stock award and a stock option originally granted by RTB Digital were converted into the issuer’s common stock and options on substantially the same terms, with adjusted share counts and preserved vesting conditions.
Does this RTB Digital Form 4 indicate changes to Steven C. Fletcher’s vesting schedule?
The Form 4 states that both the restricted stock award and the stock option continue to vest in accordance with their original vesting schedules. Vesting remains subject to Steven C. Fletcher’s continued service with the issuer following the business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
