[Form 4/A] Sidus Space Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Sidus Space, Inc. (SIDU) director Lavavson Coffey received a grant of 5,882 restricted stock units (RSUs) on 08/01/2025, of which 2,941 vested immediately and converted into 2,941 shares of Class A Common Stock. The remaining 2,941 RSUs remain unvested and are scheduled to vest in four equal tranches of 735 RSUs on 10/01/2025, 01/01/2026, 04/01/2026, and 07/01/2026. The filing reports the conversion of vested RSUs into shares at a price of $0 (no cash purchase). The reporting person is noted as a Director and filed this as an individual Form 4 amendment.
Positive
- 2,941 RSUs vested and converted into 2,941 Class A shares on 08/01/2025
- Director Lavavson Coffey holds an aggregate grant of 5,882 RSUs, demonstrating continued equity alignment
- Remaining RSUs vest in scheduled tranches of 735, linking future compensation to service
Negative
- None.
Insights
Director received equity compensation with immediate vesting for half the grant.
The filing shows a 5,882 RSU grant where 2,941 RSUs vested and converted into 2,941 Class A shares upon grant, creating immediate share ownership for the director.
The remaining 2,941 RSUs follow a scheduled vesting plan of four tranches of 735, aligning director incentives to future service periods.
Transaction is an internal conversion of vested RSUs, reported as required under Section 16.
The conversion of vested RSUs into shares is reported at a $0 price, reflecting standard RSU mechanics rather than a market purchase. The report distinguishes converted shares (Table I: 2,941) and outstanding RSU holdings/derivatives (Table II: 5,882 reported positions including unvested units).
Because this is a vesting/conversion event by a director, it is material to holdings disclosure but does not reflect a market sale or purchase.