Unusual Machines (UMAC) Director Granted 2,308 Restricted Shares
Rhea-AI Filing Summary
Rich Sanford, a director of Unusual Machines, Inc. (UMAC), acquired 2,308 shares of the issuer's restricted common stock on 08/19/2025 at a $0 price. After the grant, Sanford beneficially owned 150,242 shares. The restricted shares are fully vested, subject to the company's standard Restricted Stock Agreement, were granted under the Issuer's 2022 Equity Incentive Plan, and the grant was approved by the Board of Directors, making it exempt from Section 16(b) under Rule 16b-3.
The Form 4 was signed by Sanford on 08/21/2025 and filed as an individual reporting person. No derivative transactions or cash-paid purchases are reported in this filing.
Positive
- Board-approved grant of restricted stock under the 2022 Equity Incentive Plan, enabling Rule 16b-3 exemption
- Shares fully vested and subject to the issuer's standard Restricted Stock Agreement, clarifying vesting status
- Increased insider ownership to 150,242 shares after the grant
Negative
- None.
Insights
TL;DR: Director received a small grant of fully vested restricted stock, increasing insider ownership but not indicating major cash transaction.
The filing reports a board-approved grant of 2,308 restricted common shares to a director, increasing his beneficial holdings to 150,242 shares. The grant was at a $0 reported price and is exempt under Rule 16b-3 because of board approval. From a financial-materiality perspective, the transaction appears routine and non-cash; the filing does not disclose dilution metrics, grant fair value, or any change in cash position. This makes the event informational for insider ownership tracking but not clearly material to valuation on its own.
TL;DR: Governance procedures were followed; the grant was board-approved and complies with Rule 16b-3 conditions.
The disclosure indicates the company followed internal governance processes by awarding restricted stock under the 2022 Equity Incentive Plan with Board approval, which supports the Rule 16b-3 exemption. The shares are fully vested and subject to the standard restricted stock agreement. The filing provides clear attribution to the reporting person and proper signature, meeting Form 4 disclosure requirements. No additional governance concerns or related-party details are disclosed in this filing.