Stewards director holds 45,000 RSUs, no shares
A Stewards, Inc. director reports 45,000 time-based RSUs but no common stock ownership as of the reporting date.
Rhea-AI Filing Summary
Stewards, Inc. (SWRD) reports on Form 3 that director Graeve Zachary Saul holds 45,000 Restricted Stock Units (RSUs) directly, each representing one share of common stock upon settlement. These RSUs were granted on May 8, 2026 under the 2024 Equity Incentive Plan and cliff-vest 100% on May 8, 2027, subject to continued service as a director. The RSUs have no expiration date other than forfeiture if vesting conditions are not met, and he beneficially owns no shares of Stewards, Inc. common stock as of the event date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Graeve Zachary Saul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 45,000 contracts (Direct);
Common Stock, par value $0.0001 per share — 0 shares (Direct)
Footnotes (2)
- F1. Represents 45,000 restricted stock units granted on May 8, 2026 under the issuer's 2024 Equity Incentive Plan. The units cliff-vest 100% on May 8, 2027, subject to continued service as a director. Each unit represents the right to receive one share of common stock upon settlement. The units have no expiration date other than forfeiture if the vesting conditions are not met.
- F2. The reporting person beneficially owns no shares of the issuer's common stock as of the Date of Event.
Key Figures
Restricted Stock Units granted: 45,000 units
Underlying common shares for RSUs: 45,000 shares
RSU vesting date: May 8, 2027
+2 more
5 metrics
Restricted Stock Units granted
45,000 units
Granted on May 8, 2026 under the 2024 Equity Incentive Plan
Underlying common shares for RSUs
45,000 shares
Each unit represents one share of common stock upon settlement
RSU vesting date
May 8, 2027
Cliff-vests 100% on this date, subject to continued service
Exercise/Conversion price of RSUs
$0.00 per unit
RSUs reported with a conversion price of 0.0000
Common stock beneficially owned
0 shares
Beneficial ownership of common stock as of the Date of Event
Key Terms
Restricted Stock Units, cliff-vest, Equity Incentive Plan, beneficially owns
4 terms
Restricted Stock Units financial
"Represents 45,000 restricted stock units granted on May 8, 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.
cliff-vest financial
"The units cliff-vest 100% on May 8, 2027, subject to continued service"
Equity Incentive Plan financial
"granted on May 8, 2026 under the issuer's 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
beneficially owns financial
"The reporting person beneficially owns no shares of the issuer's common stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position is reported in SWRD’s latest Form 3?
The filing shows director Graeve Zachary Saul holding 45,000 Restricted Stock Units under Stewards, Inc.’s 2024 Equity Incentive Plan, each RSU representing the right to receive one share of common stock upon settlement.
Does the reporting director currently own any SWRD common stock?
No. The filing states that the reporting person beneficially owns no shares of Stewards, Inc.’s common stock as of the Date of Event, despite holding 45,000 Restricted Stock Units that may settle in shares if vesting conditions are met.
When do the 45,000 RSUs for SWRD’s director vest?
The 45,000 RSUs granted to the director on May 8, 2026 cliff-vest 100% on May 8, 2027, provided he continues serving as a director through that date. If the vesting conditions are not met, the units are subject to forfeiture.
What is the conversion ratio of the RSUs reported for SWRD?
Each of the 45,000 Restricted Stock Units represents the right to receive one share of Stewards, Inc. common stock upon settlement, according to the disclosure in the Form 3 footnotes.
Do the SWRD RSUs reported have an exercise price or expiration date?
The RSUs have an exercise or conversion price of $0.00 per unit and no expiration date other than forfeiture if vesting conditions are not met. They vest in full on May 8, 2027, subject to continued service as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
