Unusual Machines (UMAC) director sells 980 shares and receives grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unusual Machines, Inc. director Rich Sanford reported both a stock grant and a small share sale. On March 13, 2026, he acquired 1,961 shares of common stock as a fully vested restricted stock grant under the company’s 2022 Equity Incentive Plan at $0.00 per share. On March 16, 2026, he executed an open-market sale of 980 common shares at $20.20 per share. After the sale, Sanford directly owned 205,925 common shares, indicating that the disposition was a small portion of his overall holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 980 shares ($19,796)
Net Sell
2 txns
Insider
Rich Sanford
Role
Director
Sold
980 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 980 | $20.20 | $20K |
| Grant/Award | Common Stock | 1,961 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 205,925 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Rich Sanford report for Unusual Machines (UMAC)?
Rich Sanford reported receiving a fully vested grant of 1,961 shares of Unusual Machines common stock and selling 980 shares in an open-market transaction. Both transactions involved common stock and were reported as direct ownership changes.
What stock grant did Rich Sanford receive from Unusual Machines (UMAC)?
Rich Sanford received a grant of 1,961 shares of restricted common stock of Unusual Machines at $0.00 per share. The grant was fully vested, approved by the Board of Directors, and made under the company’s 2022 Equity Incentive Plan.
Under which plan was Rich Sanford’s Unusual Machines (UMAC) stock grant issued?
The 1,961-share restricted stock grant to Rich Sanford was issued under Unusual Machines’ 2022 Equity Incentive Plan. The shares were fully vested and the grant was approved by the company’s Board of Directors, qualifying for Section 16(b) exemption.
Was Rich Sanford’s Unusual Machines (UMAC) stock grant exempt under Section 16(b)?
Yes. The restricted stock grant to Rich Sanford was exempt from Section 16(b) of the Securities Exchange Act because it was approved by Unusual Machines’ Board of Directors under Rule 16b-3 and issued under the 2022 Equity Incentive Plan.