Unicycive (NASDAQ: UNCY) EVP receives 169,500 RSUs as stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jermasek Douglas reported acquisition or exercise transactions in this Form 4 filing.
Unicycive Therapeutics, Inc. reported that EVP of Corporate Strategy Douglas Jermasek received a grant of 169,500 restricted stock units (RSUs) payable solely in common stock.
The RSU award vests in three equal installments, with 1/3 vesting on each anniversary of the grant date over three years, contingent on his continued service with the company. Following this grant, he is reported as holding 169,500 underlying shares tied to this RSU award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jermasek Douglas
Role
EVP, Corporate Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 169,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 169,500 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 169,500 units
Underlying shares: 169,500 shares
Vesting structure: 1/3 per year over 3 years
+1 more
4 metrics
RSUs granted
169,500 units
Restricted Stock Units granted to EVP on acquisition date
Underlying shares
169,500 shares
Common stock underlying RSU award following transaction
Vesting structure
1/3 per year over 3 years
RSU vesting schedule tied to continued service
Transaction price per RSU
$0.00 per unit
Equity compensation grant, no cash paid by insider
Key Terms
Restricted Stock Units, RSU Award, vest, continued service
4 terms
Restricted Stock Units financial
"Represents grant of restricted stock units (the "RSU Award") payable solely in common stock"
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"
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.
continued service financial
"for 3 years, subject to the Reporting Person's continued service with the Issuer"
FAQ
What insider transaction did Unicycive (UNCY) report for Douglas Jermasek?
Unicycive reported that EVP of Corporate Strategy Douglas Jermasek received a grant of 169,500 restricted stock units. These RSUs are payable solely in Unicycive common stock and represent equity-based compensation rather than an open-market share purchase or sale.
How many Unicycive (UNCY) RSUs were granted to the EVP of Corporate Strategy?
Douglas Jermasek was granted 169,500 restricted stock units tied to Unicycive common stock. This entire amount is reported as directly owned following the transaction, reflecting a single equity award rather than multiple separate grants or market trades.
What is the vesting schedule for Douglas Jermasek’s Unicycive (UNCY) RSU award?
The RSU award vests over three years, with one-third of the 169,500 units vesting on each anniversary of the grant date. Vesting is conditioned on Jermasek’s continued service with Unicycive throughout this three-year period.
Is Douglas Jermasek’s Unicycive (UNCY) Form 4 transaction a stock purchase or sale?
The Form 4 reports an acquisition via a grant of restricted stock units, not an open-market stock purchase or sale. The transaction code A indicates a grant or award, and no buy or sell transaction value is listed for this equity compensation.