Sidus Space (SIDU) director Riera converts 7,206 RSUs to shares
Rhea-AI Filing Summary
Leonardo Riera, a director of Sidus Space, Inc. (SIDU), reported an amended Form 4 disclosing equity awards and conversions on 08/01/2025. He was granted 9,167 restricted stock units (RSUs), of which 7,206 vested immediately and converted into 7,206 shares of Class A Common Stock on that date. Table I records the receipt of 7,206 shares at a $0 price and beneficial ownership of 7,206 shares following the transaction. Table II reports the grant of 9,167 RSUs and the vesting schedule for the remaining awards: 490 RSUs vesting on each of 10/01/2025, 01/01/2026, 04/01/2026, and 07/01/2026. The form is signed by the reporting person on 10/02/2025.
Positive
- 7,206 RSUs vested immediately and converted to 7,206 Class A shares, increasing director alignment
- Grant includes a defined vesting schedule: 490 RSUs vesting on each of 10/01/2025, 01/01/2026, 04/01/2026, and 07/01/2026
Negative
- 9,167 RSU grant potentially dilutive if all units convert to shares
- Immediate conversion of 7,206 RSUs increases outstanding Class A shares without cash consideration ($0 price)
Insights
Director received equity awards with immediate vesting and a staged vesting schedule for the remainder.
The filing documents a 9,167-unit RSU grant to director Leonardo Riera with 7,206 units vesting immediately and converting to Class A Common Stock on 08/01/2025. Immediate vesting increases the director's direct shareholdings by 7,206 shares as reported in Table I.
The remaining RSUs follow a clear quarterly vesting schedule of 490 RSUs on each of 10/01/2025, 01/01/2026, 04/01/2026, and 07/01/2026, which creates future, time‑based dilution only if shares are issued upon vesting. The form is an amended filing, signed on 10/02/2025, and shows all transactions reported at a $0 per‑share conversion price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,167 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,206 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,206 | $0.00 | -- |
Footnotes (1)
- Represents the conversion upon vesting of restricted stock units (RSUs) into Class A Common Stock. On August 1, 2025, the reporting person was granted 9,167 RSUs, of which 7,206 vested upon the date of grant. The vested RSUs which converted on August 1, 2025 are reported in Table II on this Form 4. Each restricted stock unit is the economic equivalent of one share of Sidus Space, Inc.'s Class A Common Stock. On August 1, 2025, the reporting person was granted 9,167 RSUs, of which 7,206 vested upon the date of grant and 490 vest on each of October 1, 2025, January 1, 2026, April 1, 2026 and July 1, 2026. The Class A Common Stock into which such vested RSUs converted on August 1, 2025 is reported in Table I on this Form 4.