Sellas Life Sciences (SLS) director awarded 50K RSUs vesting 2026
Rhea-AI Filing Summary
SELLAS Life Sciences Group, Inc. reported that director Robert L. Van Nostrand received an equity award in the form of 50,000 shares of common stock on January 7, 2026. The award represents restricted stock units that were granted at a price of $0.00 per share, reflecting a compensatory grant rather than a market purchase. Following this grant, Van Nostrand beneficially owns 82,900 shares of SELLAS common stock. According to the terms, the 50,000 restricted stock units will vest in full on December 1, 2026, provided he continues to serve on the company’s Board of Directors through that date.
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FAQ
What insider transaction did SELLAS (SLS) disclose for Robert L. Van Nostrand?
SELLAS Life Sciences Group, Inc. disclosed that director Robert L. Van Nostrand received an award of 50,000 restricted stock units of common stock on January 7, 2026 at a price of $0.00 per share.
How many SELLAS (SLS) shares does Robert L. Van Nostrand own after this award?
After the reported award, Robert L. Van Nostrand beneficially owns 82,900 shares of SELLAS Life Sciences Group, Inc. common stock, held in direct ownership form.
When do the 50,000 restricted stock units granted to the SELLAS (SLS) director vest?
The 50,000 restricted stock units granted to director Robert L. Van Nostrand will vest in full on December 1, 2026, subject to his continued service on SELLAS’s Board of Directors through that date.
Was the SELLAS (SLS) director’s Form 4 transaction a purchase on the open market?
No. The Form 4 shows an “A” (acquired) transaction code at a price of $0.00 per share, indicating a compensatory grant of restricted stock units, not an open-market purchase.
What role does Robert L. Van Nostrand have at SELLAS (SLS)?
Robert L. Van Nostrand is reported as a Director of SELLAS Life Sciences Group, Inc. and is not listed as a 10% owner or officer in this Form 4.
Is the SELLAS (SLS) Form 4 filed by one or multiple reporting persons?
The Form 4 is indicated as being filed by one reporting person, namely Robert L. Van Nostrand, with the ownership of the reported securities classified as direct.