TZUP insider Form 4 shows 50,000-share restricted stock rescission
Rhea-AI Filing Summary
Thumzup Media Corp (TZUP) reported an insider equity change by one of its directors on a Form 4. On November 14, 2025, the reporting person rescinded a prior grant of 50,000 shares of restricted common stock that had been issued on August 4, 2025 under the company’s 2025 Equity Incentive Plan. After this rescission, the director beneficially owns 20,592 shares of Thumzup Media common stock directly.
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FAQ
What insider transaction was reported for Thumzup Media Corp (TZUP)?
The filing reports that on November 14, 2025, a director rescinded a grant of 50,000 restricted shares of Thumzup Media common stock that had been issued under the 2025 Equity Incentive Plan.
How many Thumzup Media (TZUP) shares does the reporting person now own?
Following the rescission of the 50,000 restricted shares, the director beneficially owns 20,592 shares of Thumzup Media common stock in direct ownership.
What type of security was involved in the Thumzup Media (TZUP) Form 4 filing?
The Form 4 involves restricted shares of common stock of Thumzup Media Corp, originally granted under the company’s 2025 Equity Incentive Plan and later rescinded.
What was the nature of the transaction reported for Thumzup Media (TZUP)?
The transaction was a rescission of a previously granted award of 50,000 restricted shares, effectively cancelling that grant to the director.
What is the reporting person’s relationship to Thumzup Media Corp (TZUP)?
The reporting person identified in the Form 4 is a director of Thumzup Media Corp.
Was this Thumzup Media (TZUP) insider transaction under a Rule 10b5-1 plan?
The form includes a checkbox for indicating transactions made under a Rule 10b5-1(c) trading plan, but the provided excerpt does not show that box as checked.