SELLAS (SLS) CEO receives 1,065,000 RSU equity award in Form 4 filing
Rhea-AI Filing Summary
Stergiou Angelos M. reported acquisition or exercise transactions in this Form 4 filing.
SELLAS Life Sciences Group reported that President and CEO Angelos M. Stergiou received a grant of 1,065,000 restricted stock units on June 16, 2026. These RSUs vest 25% on December 1, 2026 and 25% on each December 1 thereafter, subject to continued service, bringing his direct holdings to 1,759,183 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,065,000 shares
Net Buy
1 txn
Insider
Stergiou Angelos M.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,065,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,759,183 shares (Direct)
Footnotes (1)
- F1. The Reporting Person received an award of 1,065,000 restricted stock units on June 16, 2026, which shall vest as follows: (i) 25% on December 1, 2026 and (ii) 25% on each December 1 thereafter until fully vested, provided that the Reporting Person remains in service with the Issuer through each such vesting date.
Key Figures
RSU grant size: 1,065,000 units
Vesting schedule: 25% annually each December 1
Holdings after transaction: 1,759,183 shares
+1 more
4 metrics
RSU grant size
1,065,000 units
Restricted stock units granted on June 16, 2026
Vesting schedule
25% annually each December 1
Starting December 1, 2026 until fully vested
Holdings after transaction
1,759,183 shares
Total direct common stock holdings after grant
Reported grant price
$0.0000 per share
Compensation award, not open-market purchase
Key Terms
restricted stock units, vest, grant, award, or other acquisition
3 terms
restricted stock units financial
"received an award of 1,065,000 restricted stock units on June 16, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"which shall vest as follows: (i) 25% on December 1, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SELLAS (SLS) report for its CEO?
SELLAS reported that President and CEO Angelos M. Stergiou received 1,065,000 restricted stock units. The award was granted on June 16, 2026 as equity compensation, with no cash paid per unit and subject to a multi-year vesting schedule.
How do the 1,065,000 RSUs granted to the SELLAS CEO vest?
The 1,065,000 restricted stock units vest over four years. 25% vest on December 1, 2026, and 25% vest on each December 1 afterward until fully vested, assuming the CEO continues in service with SELLAS through each vesting date.
What are the SELLAS CEO’s holdings after the RSU award?
After the reported grant, Angelos M. Stergiou’s direct holdings total 1,759,183 shares of SELLAS common stock. This figure reflects his position following the award of 1,065,000 restricted stock units disclosed in the Form 4 filing.
What does transaction code "A" mean in the SELLAS CEO Form 4?
Transaction code "A" indicates a grant, award, or other acquisition. In this case, it represents the compensation-related award of 1,065,000 restricted stock units to the SELLAS CEO, rather than an open-market purchase or sale of the company’s common stock.