Table Trac (TBTC) CEO awarded restricted shares under vesting plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gilbert Randy reported acquisition or exercise transactions in this Form 4 filing.
TABLE TRAC INC CEO Randy Gilbert reported a compensation-related award of 614 shares of Restricted Common Stock on April 3, 2026 at a reference price of $3.71 per share. Following this grant, he directly holds 154,694 shares. The award relates to an 87,500‑share Restricted Stock Agreement under which restrictions lapse in equal installments of 17,500 shares each on March 25 of 2023, 2024, 2025, 2026, and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gilbert Randy
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Common Stock | 614 | $3.71 | $2K |
Holdings After Transaction:
Restricted Common Stock — 154,694 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 614 shares
Reference price per share: $3.71 per share
Shares held after transaction: 154,694 shares
+2 more
5 metrics
Restricted shares granted
614 shares
Restricted Common Stock award on April 3, 2026
Reference price per share
$3.71 per share
Value reported for the 614-share restricted award
Shares held after transaction
154,694 shares
CEO direct holdings following the grant
Restricted Stock Agreement size
87,500 shares
Total shares under the Restricted Stock Agreement
Annual vesting tranche
17,500 shares
Restrictions lapse each March 25 from 2023 to 2027
Key Terms
Restricted Common Stock, Restricted Stock Agreement, restrictions lapse, grant, award, or other acquisition, +1 more
5 terms
Restricted Common Stock financial
"security_title: "Restricted Common Stock""
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Restricted Stock Agreement financial
"shares granted pursuant to a Restricted Stock Agreement between Reporting Person and Company"
restrictions lapse financial
"restrictions lapse in equal amounts of 17,500 shares on each of March 25"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
direct ownership financial
"ownership_type: "direct" and ownership_code: "D""
FAQ
What insider transaction did TABLE TRAC (TBTC) CEO report on this Form 4?
The CEO reported receiving an award of 614 shares of Restricted Common Stock. This grant was recorded at $3.71 per share and is part of his equity-based compensation rather than an open-market purchase or sale.
What are the key terms of the TABLE TRAC (TBTC) Restricted Stock Agreement?
The agreement covers 87,500 shares, with restrictions lapsing in equal installments of 17,500 shares on March 25 of 2023, 2024, 2025, 2026, and 2027. This schedule gradually releases the restrictions over five years.
Was the TABLE TRAC (TBTC) CEO’s Form 4 transaction a market purchase or sale?
No, the Form 4 shows a grant or award acquisition of Restricted Common Stock, coded as an A transaction. This indicates a compensation-related equity award, not an open-market buy or sell transaction.
What does the $3.71 price on the TABLE TRAC (TBTC) Form 4 represent?
The Form 4 lists a value of $3.71 per share for the 614-share Restricted Common Stock award. This figure is a reference price used in the filing and does not represent an open-market trade price by the CEO.