RYTHM (RYM) director awarded 5,000 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Varier Krishnan reported acquisition or exercise transactions in this Form 4 filing.
RYTHM, Inc. director Varier Krishnan received an equity award of 5,000 shares of Common Stock via restricted stock units. The grant was made at a price of $0.00 per share as compensation, not an open-market purchase. After this award, Krishnan directly holds 10,000 shares of the company.
According to the terms, 100% of the restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, as long as Krishnan continues to serve the company through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Varier Krishnan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,000 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 5,000 shares
Grant price: $0.00 per share
Shares after transaction: 10,000 shares
3 metrics
RSU grant size
5,000 shares
Restricted stock unit award of Common Stock
Grant price
$0.00 per share
Compensation grant, not open-market purchase
Shares after transaction
10,000 shares
Director’s direct holdings following the award
Key Terms
restricted stock units, 2022 Omnibus Equity Incentive Plan, vesting, continuous service
4 terms
restricted stock units financial
"Award granted in the form of restricted stock units under the issuer's 2022 Omnibus Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Omnibus Equity Incentive Plan financial
"under the issuer's 2022 Omnibus Equity Incentive Plan, as amended"
vesting financial
"100% of the restricted stock units will vest on the earlier of the one year anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous service financial
"subject to the reporting person's continuous service to the issuer through such vesting date"
FAQ
What did RYTHM (RYM) director Varier Krishnan report on this Form 4?
Varier Krishnan reported receiving 5,000 shares of RYTHM Common Stock as a restricted stock unit award. The grant is compensation-based at $0.00 per share, increasing his direct holdings to 10,000 shares after the transaction.
Is the RYTHM (RYM) Form 4 transaction a market buy or sell?
The transaction is not a market buy or sell. It is a grant of 5,000 restricted stock units at $0.00 per share, described as a grant or award acquisition made under RYTHM’s 2022 Omnibus Equity Incentive Plan.
When do the 5,000 RYTHM (RYM) restricted stock units vest for Varier Krishnan?
All 5,000 restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, provided Krishnan maintains continuous service with RYTHM through that vesting date.
Under which plan were the RYTHM (RYM) restricted stock units granted to Varier Krishnan?
The award was granted under RYTHM’s 2022 Omnibus Equity Incentive Plan, as amended. The plan provides equity-based compensation such as restricted stock units, subject to specified vesting conditions and continued service requirements.