XCF Global director granted over 1.1M RSUs
Cockrell Sanford Alonza III reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Cockrell Sanford Alonza III reported acquisition or exercise transactions in this Form 4 filing.
XCF Global, Inc. director Cockrell Sanford Alonza III reported two equity awards of Class A Common Stock in the form of restricted stock units. One award represents 1,074,237 shares vesting on January 1, 2027, and another represents 100,000 shares vesting over four years. Following these awards, he reports holding 1,174,237 shares directly.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 1,174,237 shares
Grant/Award
2 txns
Insider
Cockrell Sanford Alonza III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F2 | 1,074,237 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 1,174,237 shares (Direct)
Footnotes (2)
- F1. Restricted stock unit award representing 100,000 shares of Common Stock issued in connection with joining the Board of Directors immediately following the closing of the Business Combination. The restricted stock units will vest over a period of four years with the first vesting to occur on the first anniversary of the award.
- F2. Restricted stock unit award representing 1,074,237 shares of Common Stock. The restricted stock units will vest on January 1, 2027.
Key Figures
RSU award size: 1,074,237 shares
Board-related RSU award: 100,000 shares
Total direct holdings after awards: 1,174,237 shares
+1 more
4 metrics
RSU award size
1,074,237 shares
Restricted stock unit award vesting on January 1, 2027
Board-related RSU award
100,000 shares
Restricted stock unit award issued in connection with joining the Board of Directors
Total direct holdings after awards
1,174,237 shares
Direct ownership of Class A Common Stock following reported transactions
Vesting date for larger RSU award
January 1, 2027
Vesting date for 1,074,237-share restricted stock unit award
Key Terms
restricted stock unit, Business Combination, Board of Directors
3 terms
restricted stock unit financial
"Restricted stock unit award representing 100,000 shares of Common Stock issued in connection"
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.
Business Combination financial
"issued in connection with joining the Board of Directors immediately following the closing of the Business Combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Board of Directors financial
"issued in connection with joining the Board of Directors immediately following the closing"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did director Cockrell Sanford Alonza III report in the SAFX Form 4?
He reported two equity awards of XCF Global Class A Common Stock in the form of restricted stock units totaling 1,174,237 shares, all held as direct ownership after the reported transactions.
How do the 100,000 SAFX restricted stock units vest for the XCF Global director?
The 100,000-share restricted stock unit award will vest over four years, with the first vesting scheduled to occur on the first anniversary of the award date, per the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.