Executive at Unicycive (UNCY) granted 169,500 restricted stock units
Rhea-AI Filing Summary
Gupta Pramod reported acquisition or exercise transactions in this Form 4 filing.
Unicycive Therapeutics, Inc. reported that EVP, Pharmaceuticals and BD, Pramod Gupta received a grant of 169,500 restricted stock units (RSUs) payable solely in common stock. This is a compensation-related award, not an open-market share purchase or sale.
According to the award terms, 23,542 shares vest upon grant, and 4,708 shares vest monthly over 31 months beginning on June 1, 2026, subject to Gupta’s continued service with the company. Following this grant, his reported derivative holdings from this RSU award total 169,500 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gupta Pramod
Role
EVP, Pharmaceuticals and BD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 169,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 169,500 shares (Direct)
Footnotes (1)
- F1. Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer. 23,542 shares vest upon grant and 4,708 shares vest monthly over 31 months beginning June 1, 2026, subject to the Reporting Person's continued service with the Issuer.
Key Figures
RSUs granted: 169,500 units
Immediate vesting portion: 23,542 shares
Monthly vesting amount: 4,708 shares
+3 more
6 metrics
RSUs granted
169,500 units
Restricted Stock Unit award to EVP on May 14, 2026
Immediate vesting portion
23,542 shares
RSUs vesting upon grant under the RSU Award
Monthly vesting amount
4,708 shares
Vesting each month over 31 months beginning June 1, 2026
Vesting term
31 months
Monthly vesting period starting June 1, 2026
Price per RSU
$0.00 per unit
Grant of restricted stock units as compensation, not a purchase
Holdings after grant
169,500 underlying shares
Total shares covered by RSU Award following the transaction
Key Terms
Restricted Stock Unit, RSU Award, vest, continued service
4 terms
Restricted Stock Unit financial
"Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSU Award financial
"Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer."
vest financial
"23,542 shares vest upon grant and 4,708 shares vest monthly over 31 months beginning June 1, 2026, subject to the Reporting Person's continued service with the Issuer."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"4,708 shares vest monthly over 31 months beginning June 1, 2026, subject to the Reporting Person's continued service with the Issuer."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Unicycive Therapeutics (UNCY) report for Pramod Gupta?
Unicycive reported that EVP, Pharmaceuticals and BD, Pramod Gupta received a grant of 169,500 restricted stock units. These RSUs are payable solely in common stock and represent a compensation award, not an open-market purchase or sale of UNCY shares.
How many Unicycive (UNCY) RSUs vested immediately in Pramod Gupta’s award?
Of the 169,500 restricted stock units granted to Pramod Gupta, 23,542 shares vest upon grant. This immediate vesting portion is part of a larger RSU package that also includes a long-term monthly vesting schedule tied to ongoing service.
What is the vesting schedule for Pramod Gupta’s Unicycive (UNCY) RSU grant?
After 23,542 RSUs vest on grant, an additional 4,708 shares vest monthly over 31 months beginning June 1, 2026. All vesting is conditioned on Gupta’s continued service with Unicycive Therapeutics throughout the vesting period.
Is Pramod Gupta’s Unicycive (UNCY) RSU grant an open-market stock purchase?
No, the RSU grant is a compensation award, not an open-market purchase. The 169,500 restricted stock units are payable solely in common stock and were awarded at a stated price of $0.00 per unit as part of his executive compensation.