Neuronetics (STIM) director Avinash Amin receives 30,000 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. director Avinash Amin reported an equity compensation grant in the form of 30,000 restricted stock units of common stock. The award vests on the earlier of May 28, 2027, a Board-approved separation of service, or a change in control, in each case subject to his continuous service. Each RSU converts into one share of common stock upon vesting. Following this grant, he holds 72,500 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Amin Avinash
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 72,500 shares (Direct, null)
Footnotes (1)
- Represents a restricted stock unit ("RSU") award that vests on the earlier of (a) May 28, 2027 or (b) the Reporting Person's Board-approved separation of service from the Issuer or change in control of the Issuer, in each case subject to continuous service of the Reporting Person through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
RSU grant size: 30,000 shares
Holding after transaction: 72,500 shares
Vesting date trigger: May 28, 2027
+1 more
4 metrics
RSU grant size
30,000 shares
Restricted stock unit award to director Avinash Amin
Holding after transaction
72,500 shares
Total direct common stock holdings after RSU grant
Vesting date trigger
May 28, 2027
Latest vesting date for RSU award, subject to service
Transaction price per share
$0.0000 per share
Equity compensation grant, not open-market purchase
Key Terms
restricted stock unit ("RSU"), change in control, continuous service, contingent right
4 terms
restricted stock unit ("RSU") financial
"Represents a restricted stock unit ("RSU") award that vests on the earlier of"
change in control financial
"or change in control of the Issuer, in each case subject to"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
continuous service financial
"subject to continuous service of the Reporting Person through such date"
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
What insider transaction did Avinash Amin report for Neuronetics (STIM)?
Avinash Amin reported receiving 30,000 restricted stock units of Neuronetics common stock as an equity award. This is a compensation-related acquisition, not an open-market purchase or sale, and increases his direct holdings to 72,500 shares after the grant.
How do the 30,000 RSUs granted to Avinash Amin at Neuronetics (STIM) vest?
The 30,000 RSUs vest on the earlier of May 28, 2027, a Board-approved separation of service, or a change in control of Neuronetics. Vesting in each case is conditioned on Avinash Amin maintaining continuous service with the company through the applicable date.
What does each RSU granted to Avinash Amin at Neuronetics (STIM) represent?
Each restricted stock unit granted to Avinash Amin represents a contingent right to receive one share of Neuronetics common stock. The shares are delivered only when the RSUs vest under the specified conditions, rather than being issued immediately on the grant date.
Is Avinash Amin’s Neuronetics (STIM) RSU grant an open-market stock purchase?
No, the Form 4 classifies the 30,000-share award as a grant or other acquisition, not an open-market purchase. The transaction price per share is reported as $0.0000, consistent with equity compensation rather than a cash stock market transaction.