Streamex Corp. (STEX) CEO share sale linked to RSU vesting taxes
Rhea-AI Filing Summary
Streamex Corp. CEO Karl Henry Michael McPhie reported an open-market sale of 30,611 common shares on April 14, 2026 at $1.07 per share. According to the disclosure, the sale was made solely to cover tax withholding obligations triggered by a recent RSU vesting.
The filing also shows that McPhie previously received a grant of 1,000,000 Restricted Stock Units on January 8, 2026. Of these, 100,000 RSUs vest on May 15, 2026, and 900,000 RSUs vest in 16 equal quarterly installments over four years, contingent on continued service. After the April sale, he directly holds 969,389 common shares.
Positive
- None.
Negative
- None.
Insights
CEO sale is tied to RSU tax withholding and appears routine in scale.
The CEO of Streamex Corp. sold 30,611 common shares at $1.07 on April 14, 2026. The filing states this sale occurred upon partial vesting of RSUs granted on January 8, 2026, and was made solely to satisfy tax withholding obligations.
This pattern effectively reflects a compensation event rather than a discretionary portfolio move. The CEO continues to hold 969,389 shares directly and has a separate grant of 1,000,000 RSUs with multi-year vesting, aligning a substantial portion of his compensation with long-term equity performance.
The vesting schedule, including 100,000 RSUs vesting on May 15, 2026 and 900,000 RSUs vesting quarterly over four years, means future filings may show additional tax-related share disposals as tranches vest, consistent with this compensation structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 30,611 | $1.07 | $33K |
| Grant/Award | Common stock | 1,000,000 | $0.00 | -- |
Footnotes (1)
- Represents a grant of Restricted Stock Units ("RSUs") which were granted on January 8, 2026 (the "Date of Grant"). Each RSU represents the right to receive, at settlement, one (1) share of common stock, par value $0.001 per share, of the Issuer ("Common Stock"). 100,000 RSUs vest on May 15, 2026 and 900,000 RSUs vest in sixteen (16) equal quarterly installments over four (4) years with vesting commencing on the Date of Grant, provided that the Reporting Person is still providing services to the Issuer or its subsidiary on such vesting dates. The Reporting Person sold the reported shares of Common Stock upon the partial vesting of the RSUs granted on January 8, 2026, solely to satisfy tax withholding obligations incurred upon vesting.
Key Figures
Key Terms
Restricted Stock Units financial
open-market sale financial
tax withholding obligations financial
vesting financial
FAQ
What insider transactions did Streamex Corp. CEO report in this Form 4?
The CEO reported two key events: a grant of 1,000,000 Restricted Stock Units on January 8, 2026, and an open-market sale of 30,611 common shares on April 14, 2026 at $1.07 per share, linked to RSU vesting.
What are the terms of the 1,000,000 RSU grant to Streamex Corp.’s CEO?
The CEO received 1,000,000 RSUs on January 8, 2026. 100,000 RSUs vest on May 15, 2026, while 900,000 RSUs vest in 16 equal quarterly installments over four years, conditioned on continued service to Streamex Corp. or its subsidiary.
How do the CEO’s RSUs at Streamex Corp. vest over time?
Of the 1,000,000 RSUs, 100,000 vest on May 15, 2026. The remaining 900,000 RSUs vest in 16 equal quarterly installments over four years starting from January 8, 2026, assuming the CEO continues providing services.
Does the Streamex Corp. Form 4 indicate any remaining derivative positions for the CEO?
The derivative section in this Form 4 shows no remaining derivative positions such as options or warrants. The equity interests disclosed are common shares and Restricted Stock Units with specified vesting schedules tied to ongoing service.