Director Sagar Lonial receives 8,325 stock tracking units at TG Therapeutics (TGTX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lonial Sagar reported acquisition or exercise transactions in this Form 4 filing.
TG Therapeutics director Sagar Lonial received a grant of 8,325 stock tracking units. Each unit is a contingent right to either one share of common stock or a cash payment equal to the fair market value of one share, generally within 30 days after the first anniversary of grant. The units vest on that first anniversary if he remains in continuous service, and this filing shows 8,325 units held after the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lonial Sagar
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Tracking Unit | 8,325 | $0.00 | -- |
Holdings After Transaction:
Stock Tracking Unit — 8,325 shares (Direct, null)
Footnotes (1)
- Each stock tracking unit ("STU") represents a contingent right to receive either (determined at the sole discretion of the committee of the Board of Directors of the Issuer that administers the Issuer's 2022 Incentive Plan) (i) one share of the Issuer's common stock or (ii) a cash payment equal to the fair market value of one share of the Issuer's common stock, no later than thirty (30) days after the first anniversary of the date of grant. Provided the Reporting Person remains in continuous service with the Issuer through the vesting date, the STUs shall vest upon the first anniversary of the date of grant.
Key Figures
Stock tracking units granted: 8,325 units
Underlying common shares: 8,325 shares
Exercise/conversion price: $0.00 per unit
+2 more
5 metrics
Stock tracking units granted
8,325 units
Grant on 2026-06-11 to director Sagar Lonial
Underlying common shares
8,325 shares
Each unit tied to one share of common stock
Exercise/conversion price
$0.00 per unit
Equity-based compensation grant, not a market purchase
Holdings after transaction
8,325 units
Total stock tracking units following the grant
Vesting schedule
1-year
Units vest on first anniversary if continuous service continues
Key Terms
Stock Tracking Unit, contingent right, fair market value, vesting, +1 more
5 terms
Stock Tracking Unit financial
"Each stock tracking unit ("STU") represents a contingent right to receive either..."
contingent right financial
"represents a contingent right to receive either (i) one share of the Issuer's common stock or (ii) a cash payment..."
fair market value financial
"a cash payment equal to the fair market value of one share of the Issuer's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vesting financial
"the STUs shall vest upon the first anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous service financial
"Provided the Reporting Person remains in continuous service with the Issuer through the vesting date"
FAQ
What insider transaction did TG Therapeutics (TGTX) report for Sagar Lonial?
TG Therapeutics reported that director Sagar Lonial received a grant of 8,325 stock tracking units. These units are a form of equity-based compensation tied to the company’s common stock rather than an open-market stock purchase or sale.
What is a stock tracking unit in the TG Therapeutics (TGTX) Form 4?
A stock tracking unit is a contingent right that can become either one share of TG Therapeutics common stock or a cash payment equal to the fair market value of one share, as determined by the plan’s administering committee.
When do Sagar Lonial’s TG Therapeutics (TGTX) stock tracking units vest?
The stock tracking units are scheduled to vest on the first anniversary of the grant date. Vesting is conditioned on Sagar Lonial remaining in continuous service with TG Therapeutics through that one-year vesting date.
How many TG Therapeutics (TGTX) stock tracking units does Sagar Lonial hold after this grant?
After this award, the Form 4 shows that Sagar Lonial holds 8,325 stock tracking units. Each unit is tied to one underlying share of TG Therapeutics common stock or an equivalent cash value, depending on how the award is ultimately settled.
Is Sagar Lonial’s TG Therapeutics (TGTX) award a cash purchase or market trade?
No, the 8,325 stock tracking units were granted at a reported price of $0.00 per unit. This indicates a compensation grant under the company’s incentive plan, not an open-market stock purchase or sale for cash.