RYTHM, Inc. (RYM) director awarded 6,500 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tolia Sanjay reported acquisition or exercise transactions in this Form 4 filing.
RYTHM, Inc. director Sanjay Tolia received an equity award of 6,500 shares of Common Stock in the form of restricted stock units at no cash cost per share. After this grant, Tolia directly holds 12,750 shares. The restricted stock units will vest 100% on the earlier of one year from the grant date or the next annual stockholder meeting, provided Tolia continues to serve the company through that vesting date. This is a compensation-related award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tolia Sanjay
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,750 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 6,500 shares
Transaction price per share: $0.0000 per share
Shares held after transaction: 12,750 shares
+1 more
4 metrics
RSU grant size
6,500 shares
Restricted stock units granted to director on transaction date
Transaction price per share
$0.0000 per share
Reported price for the RSU grant
Shares held after transaction
12,750 shares
Total direct Common Stock holdings after the award
Vesting trigger
Earlier of 1 year or next annual meeting
100% vesting schedule for the RSUs, subject to service
Key Terms
restricted stock units, 2022 Omnibus Equity Incentive Plan, continuous service
3 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"
continuous service financial
"subject to the reporting person's continuous service to the issuer through such vesting date"
FAQ
What did RYTHM, Inc. director Sanjay Tolia report on this Form 4 for RYM?
Director Sanjay Tolia reported receiving 6,500 shares of RYTHM, Inc. Common Stock as a restricted stock unit award. The grant is compensation-related, carries no cash exercise price, and is subject to future vesting conditions tied to continued service.
What are the vesting terms of Sanjay Tolia’s restricted stock units at RYTHM, Inc.?
All 6,500 restricted stock units vest 100% on the earlier of one year after the grant date or the next annual stockholder meeting. Vesting requires Tolia’s continuous service with RYTHM, Inc. through the applicable vesting date under the company’s 2022 Omnibus Equity Incentive Plan.