RxSight (RXST) CEO granted 80,545 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kurtz Ronald M MD reported acquisition or exercise transactions in this Form 4 filing.
RxSight, Inc. President & CEO Ronald M. Kurtz received a grant of 80,545 restricted stock units. Each RSU represents a contingent right to receive one share of RxSight common stock.
The award vests in six equal installments, with one-sixth vesting on the first trading day on or after each of August 31, 2026, February 28, 2027, August 31, 2027, February 28, 2028, August 31, 2028 and February 28, 2029, as long as he continues as a service provider under the company’s 2021 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kurtz Ronald M MD
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 80,545 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 80,545 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan (the "Plan")) through each applicable date, one-sixth (1/6th) of the RSUs subject to the award shall vest on the first Trading Day (as defined in the Plan) on or after each of August 31, 2026, February 28, 2027, August 31, 2027, February 28, 2028, August 31, 2028 and February 28, 2029.
FAQ
What insider transaction did RxSight (RXST) report for its CEO?
RxSight President & CEO Ronald M. Kurtz received a grant of 80,545 restricted stock units. Each RSU gives a contingent right to one share of common stock, subject to time-based vesting and continued service under the 2021 Equity Incentive Plan.
How many restricted stock units were granted to the RxSight (RXST) CEO?
Ronald M. Kurtz was granted 80,545 restricted stock units. These units were awarded at no stated purchase price per unit and represent potential future shares of RxSight common stock, subject to the vesting schedule and continued service conditions in the company’s equity plan.
What is the vesting schedule for the RxSight (RXST) CEO’s RSU grant?
The RSU grant vests in six equal installments of one-sixth each. Vesting occurs on the first trading day on or after August 31, 2026, February 28, 2027, August 31, 2027, February 28, 2028, August 31, 2028 and February 28, 2029, assuming continued service.
What does each RxSight (RXST) restricted stock unit represent for the CEO grant?
Each restricted stock unit represents a contingent right to receive one share of RxSight common stock. The CEO only receives the underlying shares as the RSUs vest over time and service-based conditions under the 2021 Equity Incentive Plan are satisfied.
Are the RxSight (RXST) CEO’s RSUs subject to continued service conditions?
Yes, vesting of the CEO’s RSU award requires that he continue as a service provider under RxSight’s 2021 Equity Incentive Plan. If service ends before a scheduled vesting date, the unvested portion of the 80,545 RSUs would not be earned under these terms.