Tenon Medical (TNON) director settles 64,479 RSUs into stock
Rhea-AI Filing Summary
Tenon Medical director Richard Ferrari converted 64,479 restricted stock units into 64,479 shares of common stock on July 31, 2026. Each unit represented a contingent right to receive one share. After this settlement, he directly owned 135,243 shares of Tenon Medical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 64,479 shares
Net Buy
2 txns
Insider
Ferrari Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 64,479 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 64,479 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 135,243 shares (Direct)
Footnotes (2)
- F1. Represents conversion of 64,479 restricted stock units granted to the reporting person on October 13, 2025 into 64,479 shares of common stock of the Issuer on July 31, 2026.
- F2. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
Key Figures
RSUs converted: 64,479 units
Shares acquired from conversion: 64,479 shares
Shares owned after transaction: 135,243 shares
+3 more
6 metrics
RSUs converted
64,479 units
Restricted stock units converted to common stock on July 31, 2026
Shares acquired from conversion
64,479 shares
Common stock received from RSU conversion on July 31, 2026
Shares owned after transaction
135,243 shares
Direct Tenon Medical common stock holdings of Richard Ferrari after the RSU settlement
Exercise price per share
$0.0000
Reported transaction price per share for both RSU conversion and share acquisition
RSU grant date
October 13, 2025
Grant date of the 64,479 restricted stock units that later converted
Conversion date
July 31, 2026
Date RSUs converted into common stock as reported in the Form 4
Key Terms
Restricted Stock Units, contingent right, derivative security
3 terms
Restricted Stock Units financial
"Represents conversion of 64,479 restricted stock units granted to the reporting person"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
derivative security financial
"Transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Tenon Medical (TNON) report in this Form 4?
Tenon Medical reported that director Richard Ferrari converted 64,479 restricted stock units into 64,479 shares of common stock on July 31, 2026. The transaction is described as an exercise or conversion of a derivative security, not an open-market purchase or sale.
What exactly was converted in Richard Ferrari’s Tenon Medical (TNON) Form 4 filing?
The filing shows the conversion of 64,479 restricted stock units into 64,479 shares of common stock. Footnotes state that each restricted stock unit represented a contingent right to receive one share of Tenon Medical common stock upon settlement on July 31, 2026.
Did Richard Ferrari buy or sell Tenon Medical (TNON) stock on the market?
The Form 4 reports an exercise or conversion of derivative securities, not an open-market trade. Restricted stock units converted into common shares at a reported price of $0.00 per share, so the change in holdings came from equity compensation settlement rather than a market purchase or sale.
When were the Tenon Medical (TNON) restricted stock units originally granted to Richard Ferrari?
Footnotes state that the 64,479 restricted stock units were granted to Richard Ferrari on October 13, 2025. These units subsequently converted into an equal number of Tenon Medical common shares on July 31, 2026, as reflected in the current Form 4 filing.
What does each restricted stock unit represent in the Tenon Medical (TNON) filing?
According to the footnotes, each restricted stock unit represents a contingent right to receive one share of Tenon Medical common stock. Upon settlement, these units convert on a one-for-one basis into common shares credited to the reporting person’s direct holdings.