Stablecoin Development director receives 6,000 shares
The director currently beneficially owns 140,000 RSUs, with vesting subject to continued service through each applicable date.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Stablecoin Development Corp (SDEV) director Swan Sit reported a grant of 6,000 restricted stock units (RSUs) on October 16, 2025, followed by vesting and settlement into 6,000 common shares on October 16, 2026. Earlier settlements covered 172 shares on May 28, 2025, and 5 shares on June 9, 2024; vesting was subject to continued service. The transactions were reported late due to administrative oversight, compounded by the issuer’s change in control and management transition. Reported amounts reflect the 1-for-5 reverse split effective February 20, 2026.
Insider Trade Summary
6,177 shares exercised/converted
Exercise
7 txns
Insider
Sit Swan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 172 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 172 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 5 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 5 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 146,000 contracts (Direct);
Common Stock, par value $0.01 per share — 6,187 shares (Direct)
Footnotes (4)
- F1. All share and RSU amounts reported in this Form 4 have been adjusted to give effect to the Issuer's 1-for-5 reverse stock split effective February 20, 2026 (the "2026 Reverse Split"). On a pre-2026 Reverse Split basis, (i) the RSUs granted on October 16, 2025, and the shares of common stock issued upon settlement of such RSUs on October 16, 2026, each covered 30,000 RSUs or shares, as applicable, which equals 6,000 RSUs or shares on a post-2026 Reverse Split basis; (ii) the RSUs settled on May 28, 2025, and the shares of common stock issued upon such settlement, each covered 858 RSUs or shares, as applicable, which equals 172 RSUs or shares on a post-2026 Reverse Split basis; and (iii) the RSUs settled on June 9, 2024, and the shares of common stock issued upon such settlement, each covered 25 RSUs or shares, as applicable, which equals 5 RSUs or shares on a post-2026 Reverse Split basis.
- F2. The RSUs granted on May 28, 2024 were reported on the Reporting Person's Form 4 filed on May 30, 2024 as 30,000 RSUs, an amount that did not give effect to the Issuer's 1-for-35 reverse stock split effective May 30, 2024 (the "2024 Reverse Split"). After giving effect to each of the 2024 Reverse Split and the 2026 Reverse Split, such 30,000 RSUs equal 172 RSUs. The RSUs granted on June 9, 2023 were reported on the Reporting Person's Form 4 filed on June 13, 2023 as 858 RSUs; after giving effect to each of the 2024 Reverse Split and the 2026 Reverse Split, such 858 RSUs equal 5 RSUs. Fractional shares and RSUs resulting from the 2024 Reverse Split and the 2026 Reverse Split were rounded up to the nearest whole share or RSU, as applicable.
- F3. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs granted on June 9, 2023 vested in full on June 9, 2024, the first anniversary of the grant date. The RSUs granted on May 28, 2024 vested in full on May 28, 2025, the first anniversary of the grant date, and the RSUs granted on October 16, 2025 vested in full on October 16, 2026, the first anniversary of the grant date, in each case subject to the Reporting Person's continued service through the applicable vesting date. The RSUs have no expiration date.
- F4. The Reporting Person's Form 4 reporting the RSUs granted on March 31, 2026, filed on April 2, 2026, did not include (i) the 6,000 RSUs (on a post-2026 Reverse Split basis) granted on October 16, 2025, which were then held by the Reporting Person and unvested, or (ii) the shares of common stock held by the Reporting Person, including shares acquired upon settlement of RSUs on May 21, 2022, May 11, 2023, June 9, 2024 and May 28, 2025. The holdings reported in this Form 4 correct the holdings previously reported. The 140,000 RSUs granted on March 31, 2026, as reported on such prior Form 4, are not affected by the transactions reported herein and continue to be held by the Reporting Person. The Reporting Person currently beneficially owns 140,000 RSUs.
Key Figures
RSUs granted: 6,000 RSUs
Shares issued upon RSU settlement: 6,000 shares
Shares issued upon RSU settlement: 172 shares
+2 more
5 metrics
RSUs granted
6,000 RSUs
Granted October 16, 2025
Shares issued upon RSU settlement
6,000 shares
October 16, 2026
Shares issued upon RSU settlement
172 shares
May 28, 2025
Shares issued upon RSU settlement
5 shares
June 9, 2024
RSUs beneficially owned
140,000 RSUs
Current beneficial ownership reported
Key Terms
RSUs, vesting, reverse stock split, beneficially owns
4 terms
RSUs financial
"Each RSU represents a contingent right to receive one share upon vesting"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"subject to the Reporting Person's continued service through the applicable vesting date"
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.
reverse stock split financial
"the Issuer's 1-for-5 reverse stock split effective February 20, 2026"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
beneficially owns regulatory
"currently beneficially owns 140,000 RSUs"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the vesting terms for Swan Sit’s SDEV RSUs?
Each RSU represents a contingent right to receive one common share upon vesting. The RSUs vested in full on the first anniversary of their grant date, subject to continued service through the applicable vesting date, and have no expiration date.
How many RSUs does Swan Sit currently beneficially own?
Swan Sit currently beneficially owns 140,000 RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
