Rythm director sells shares, receives 5,000 RSUs
RYTHM, Inc. director Armon Vakili reported both a stock award and share sales.
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Rhea-AI Filing Summary
RYTHM, Inc. director Armon Vakili reported both a stock award and share sales. On June 16, Vakili received 5,000 restricted stock units under the company’s 2022 Omnibus Equity Incentive Plan, vesting in full on the earlier of one year from grant or the next annual stockholder meeting, subject to continued service.
On June 17, Vakili sold a total of 2,250 shares of common stock in open-market transactions at weighted average prices generally ranging from about $25.00 to $27.41 per share. After these transactions, Vakili directly holds 10,850 shares of RYTHM common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 105 | $25.00 | $3K |
| Sale | Common Stock | 1,705 | $26.4487 | $45K |
| Sale | Common Stock | 440 | $27.1721 | $12K |
| Grant/Award | Common Stock | 5,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Award granted in the form of restricted stock units under the issuer's 2022 Omnibus Equity Incentive Plan, as amended. 100% of the restricted stock units will vest on the earlier of (i) the one year anniversary of the date of the grant of the restricted stock units and (ii) the next annual meeting of the stockholders of the issuer following the date of the grant of the restricted stock units, subject to the reporting person's continuous service to the issuer through such vesting date.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.07 to $26.96, inclusive. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (3) to this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.03 to $27.41, inclusive.
Key Figures
Key Terms
restricted stock units financial
2022 Omnibus Equity Incentive Plan financial
weighted average price financial
annual meeting of the stockholders regulatory
continuous service financial
FAQ
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What insider transactions did Armon Vakili report for RYM?
What stock award did Armon Vakili receive from RYTHM (RYM)?
When do Armon Vakili’s RYTHM restricted stock units vest?
What do the weighted average prices in Armon Vakili’s RYTHM sales mean?
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