Unusual Machines (UMAC) director receives 1,961-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thompson Jeffrey M reported acquisition or exercise transactions in this Form 4 filing.
Unusual Machines, Inc. director Jeffrey M. Thompson reported receiving a grant of 1,961 shares of restricted common stock on March 13, 2026. The award was granted at a price of $0.00 per share as a form of equity compensation, not an open-market purchase.
After this grant, Thompson directly holds 342,561 shares of Unusual Machines common stock. The restricted shares are fully vested and were approved by the company’s Board of Directors under its 2022 Equity Incentive Plan, subject to execution of the standard Restricted Stock Agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thompson Jeffrey M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,961 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 342,561 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Unusual Machines (UMAC) report for Jeffrey M. Thompson?
Unusual Machines director Jeffrey M. Thompson received a grant of 1,961 shares of restricted common stock. The shares were awarded as equity compensation at $0.00 per share, rather than purchased on the open market, and are fully vested under the company’s 2022 Equity Incentive Plan.
Was the Unusual Machines (UMAC) stock grant to Jeffrey M. Thompson a market purchase or compensation?
The transaction was compensation, not a market purchase. Thompson received 1,961 shares of restricted common stock as a grant at $0.00 per share, approved by the Board of Directors under Unusual Machines’ 2022 Equity Incentive Plan as part of his director compensation.
What are the key terms of Jeffrey M. Thompson’s restricted stock grant from Unusual Machines (UMAC)?
The grant consists of 1,961 fully vested restricted common shares. It was approved by the Board, exempt under Rule 16b-3, issued at $0.00 per share, and is subject to Unusual Machines’ standard Restricted Stock Agreement and its 2022 Equity Incentive Plan.
Why is the Unusual Machines (UMAC) stock grant to Jeffrey M. Thompson exempt under Rule 16b-3?
The grant is exempt under Rule 16b-3 because it was approved by Unusual Machines’ Board of Directors. Rule 16b-3 provides an exemption from certain short-swing profit rules for board-approved equity awards granted to insiders like directors or officers.
What does Unusual Machines’ 2022 Equity Incentive Plan provide in this Form 4 for UMAC?
The 2022 Equity Incentive Plan is the framework under which the 1,961 restricted shares were granted to director Jeffrey M. Thompson. It governs equity-based compensation awards, including this fully vested restricted stock grant, subject to the company’s standard Restricted Stock Agreement.