RxSight, Inc. (RXST) awards CEO 2,312,138 RSUs and 571,286 options
Rhea-AI Filing Summary
RxSight, Inc. granted President and CEO Aziz Mottiwala 2,312,138 restricted stock units, each representing a contingent right to one share of Common Stock, and stock options for 571,286 shares at an exercise price of $5.19 per share. The RSUs and options vest over multi-year schedules contingent on continued service, with resulting direct holdings equal to the granted amounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mottiwala Aziz
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 2,312,138 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) F3 | 571,286 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 2,312,138 shares (Direct);
Stock Option (right to buy) — 571,286 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2026 Inducement Equity Incentive Plan) through each applicable date, twenty percent (20%) of the RSUs subject to the award shall vest on the one year anniversary of the grant date, twenty percent (20%) of the RSUs subject to the award shall vest on the two year anniversary of the grant date, and 60% of the RSUs subject to the award shall vest on the three year anniversary of the grant date.
- F3. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2026 Inducement Equity Incentive Plan) through each applicable date, twenty five percent (25%) of the shares subject to the option shall vest on the one year anniversary of the Vesting Commencement Date, and, thereafter, one forty-eighth (1/48th) of the shares subject to the option shall vest each month on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean July 24, 2026.
Key Figures
RSU award: 2,312,138 restricted stock units
Stock options granted: 571,286 options
Option exercise price: $5.19 per share
+3 more
6 metrics
RSU award
2,312,138 restricted stock units
Granted to President and CEO Aziz Mottiwala on 2026-07-24
Stock options granted
571,286 options
Options to purchase Common Stock granted on 2026-07-24
Option exercise price
$5.19 per share
Exercise price for 571,286 stock options granted to the CEO
Option expiration date
2036-07-23
Expiration date of the CEO’s 571,286 stock options
RSU vesting schedule
20% / 20% / 60%
RSUs vest on the first, second, and third anniversaries of the grant date, subject to service
Option vesting schedule
25% after 1 year; 1/48 monthly
Vests based on the Vesting Commencement Date of July 24, 2026, with continued service required
Key Terms
Restricted Stock Unit, Inducement Equity Incentive Plan, Vesting Commencement Date, Stock Option (right to buy)
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Inducement Equity Incentive Plan financial
"as defined in the Issuer's 2026 Inducement Equity Incentive Plan) through each applicable date"
An inducement equity incentive plan is a program that grants employees or executives company shares or stock options to motivate and reward their work, often as a way to attract new talent. It aligns their interests with the company's success, encouraging them to contribute to long-term growth. For investors, such plans can influence a company's stock performance and overall financial health by motivating key personnel.
Vesting Commencement Date financial
""Vesting Commencement Date" shall mean July 24, 2026."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Stock Option (right to buy) financial
"Stock Option (right to buy) with an exercise price of 5.1900 per share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did RxSight (RXST) grant to CEO Aziz Mottiwala in this Form 4?
RxSight granted CEO Aziz Mottiwala 2,312,138 restricted stock units and stock options for 571,286 shares of Common Stock. The options carry a $5.19 per share exercise price and both awards vest over time, conditioned on his continued service as a Service Provider.
How do the 2,312,138 RSUs granted to the RxSight (RXST) CEO vest?
The 2,312,138 RSUs vest in three tranches: 20% on the first anniversary of the grant date, another 20% on the second anniversary, and the remaining 60% on the third anniversary, all subject to Aziz Mottiwala continuing as a Service Provider.
What are the key terms of the 571,286 stock options reported for RxSight (RXST)?
The filing reports 571,286 stock options with an exercise price of $5.19 per share, expiring on 2036-07-23. Vesting is 25% on the one-year anniversary of the Vesting Commencement Date, then 1/48 of the shares vest monthly, subject to continued service.
Are the RxSight (RXST) CEO’s reported RSU and option holdings direct or indirect?
Both the 2,312,138 RSUs and 571,286 stock options are reported as direct holdings. The ownership code is "D" for each transaction, and there is no footnote indicating that the awards are held through a separate entity or trust.
What plan governs the new equity awards to the RxSight (RXST) CEO?
The vesting of both the RSUs and the stock options is conditioned on continued service as defined in RxSight’s 2026 Inducement Equity Incentive Plan. The plan’s terms determine who qualifies as a Service Provider for vesting to continue.
What does each restricted stock unit represent in the RxSight (RXST) CEO’s award?
Each RSU granted to Aziz Mottiwala represents a contingent right to receive one share of RxSight’s Common Stock. Delivery of the underlying shares occurs as the RSUs vest under the three-year schedule and the service conditions are satisfied.