Unicycive director receives new RSU awards
Laumas Sandeep reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Laumas Sandeep reported acquisition or exercise transactions in this Form 4 filing.
Unicycive Therapeutics director Sandeep Laumas received two restricted stock unit grants as equity compensation. One RSU award covers 42,100 underlying shares of common stock and will vest in three equal annual installments starting on the first anniversary of the grant date, contingent on continued service.
The second, annual RSU award covers 84,200 underlying shares of common stock and will vest in full one year after the grant date, also subject to his continued service with the company. Following these grants, his reported direct RSU holdings tied to these awards total 126,300 and 84,200 units, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 126,300 shares
Grant/Award
2 txns
Insider
Laumas Sandeep
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 84,200 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 42,100 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 126,300 contracts (Direct)
Footnotes (2)
- F1. Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer. The shares subject to the RSU award vest 1/3 on the anniversary of the grant date for 3 years, subject to the Reporting Person's continued service with the Issuer.
- F2. Represents grant of restricted stock units (the "Annual RSU Award") payable solely in common stock of the Issuer. The shares subject to the Annual RSU Award shall vest one year after date of grant, subject to the Reporting Person's continued service with the Issuer.
Key Figures
RSU grant size: 42,100 units
Annual RSU grant size: 84,200 units
Holdings after 42,100-unit grant: 126,300 units
+2 more
5 metrics
RSU grant size
42,100 units
RSU Award, granted on May 14, 2026
Annual RSU grant size
84,200 units
Annual RSU Award, granted on May 14, 2026
Holdings after 42,100-unit grant
126,300 units
Total RSUs under that award following grant
Holdings after 84,200-unit grant
84,200 units
Total RSUs under annual award following grant
Transaction price per RSU
$0.0000
Equity compensation grants, not market purchases
Key Terms
Restricted Stock Units, RSU Award, Annual RSU Award, vest
4 terms
Restricted Stock Units financial
"Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU Award financial
"Represents grant of restricted stock units (the "RSU Award") payable solely in common stock of the Issuer."
Annual RSU Award financial
"Represents grant of restricted stock units (the "Annual RSU Award") payable solely in common stock of the Issuer."
vest financial
"The shares subject to the RSU award vest 1/3 on the anniversary of the grant date for 3 years."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Unicycive Therapeutics (UNCY) director Sandeep Laumas report on this Form 4?
He reported receiving two grants of restricted stock units as equity compensation. One grant covers 42,100 underlying common shares, and a separate annual grant covers 84,200 shares, both payable solely in Unicycive common stock and subject to vesting conditions tied to continued service.
How many restricted stock units did Sandeep Laumas receive from Unicycive (UNCY)?
He received 42,100 restricted stock units in one award and 84,200 restricted stock units in a separate annual award. Each RSU is payable solely in Unicycive common stock, giving him additional equity exposure subject to the vesting schedules described in the grants.
What are the vesting terms of Sandeep Laumas’s 42,100-unit RSU award from Unicycive (UNCY)?
The 42,100-unit RSU award vests in three equal installments over three years. One-third of the units vests on each anniversary of the grant date, provided Laumas continues to serve the company during the entire vesting period, aligning compensation with ongoing board service.
How does the annual 84,200-unit RSU award for Unicycive (UNCY) vest?
The annual RSU award of 84,200 units vests in a single installment one year after the grant date. Vesting is conditioned on Laumas’s continued service with Unicycive through that one-year anniversary, after which the vested units are payable in common stock.
Are the Unicycive (UNCY) RSU grants to Sandeep Laumas open-market purchases or sales?
No, they are not open-market trades. Both transactions are coded as grants or awards (code A), meaning they represent equity compensation granted by Unicycive, not shares bought or sold on the market by Laumas, and they carry no transaction price per share.
How many Unicycive (UNCY) restricted stock units does Laumas hold after these grants?
After the 42,100-unit grant, his holdings under that RSU award total 126,300 units. Separately, following the 84,200-unit annual grant, his holdings under that new award are 84,200 units, reflecting two distinct RSU positions with different vesting schedules and conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
