Veritone (VERI) director Michael Zilis receives 240,000 RSUs in equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zilis Michael reported acquisition or exercise transactions in this Form 4 filing.
Veritone director Michael Zilis reported receiving equity awards in the form of restricted stock units (RSUs). He was granted 120,000 RSUs that will vest in full on the earlier of July 7, 2027, or the day immediately before Veritone’s 2027 annual meeting of stockholders.
A separate grant of 120,000 RSUs was also reported. For this award, 50% will vest on the earlier of July 7, 2027, or the day immediately before the 2027 annual meeting, and the remaining 50% will vest on March 14, 2028. These RSUs represent the right to receive shares of Veritone common stock upon vesting and reflect stock-based compensation rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zilis Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 120,000 | $0.00 | -- |
| Grant/Award | Common Stock | 120,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 222,475 shares (Direct)
Footnotes (1)
- Consists of restricted stock units ("RSUs") representing the right to receive upon vesting a total of 120,000 shares of the issuer's common stock. All such RSUs will vest on the earlier of July 7, 2027, or the day immediately preceding the date of the issuer's 2027 annual meeting of stockholders. Consists of RSUs representing the right to receive upon vesting a total of 120,000 shares of the issuer's common stock. Fifty percent of such RSUs will vest on the earlier of July 7, 2027, or the day immediately preceding the date of the issuer's 2027 annual meeting of stockholders and 50% of such RSUs will vest on March 14, 2028.
Key Figures
RSU grant 1 size: 120,000 shares
RSU grant 2 size: 120,000 shares
Shares after first award: 342,475 shares
+2 more
5 metrics
RSU grant 1 size
120,000 shares
RSUs vest on earlier of July 7, 2027, or day before 2027 annual meeting
RSU grant 2 size
120,000 shares
RSUs vest 50% on earlier of July 7, 2027, or day before 2027 annual meeting and 50% on March 14, 2028
Shares after first award
342,475 shares
Total common stock beneficially owned following one RSU grant
Transaction count (acquisitions)
2 transactions
Both coded “A” as grant, award, or other acquisition on July 7, 2026
RSU grant price
$0.0000 per share
Reported transaction price per share for both non-cash RSU awards
Key Terms
restricted stock units ("RSUs"), vesting, annual meeting of stockholders, transaction code "A"
4 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs") representing the right to receive"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"representing the right to receive upon vesting a total of 120,000 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"the day immediately preceding the date of the issuer's 2027 annual meeting of stockholders"
transaction code "A" regulatory
"transaction_code": "A", "transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Veritone (VERI) director Michael Zilis report?
Michael Zilis reported two grants of restricted stock units (RSUs) for Veritone common stock. Each grant covers 120,000 RSUs, which represent the right to receive shares upon vesting. These awards are compensation-related and not open-market stock purchases or sales.
When do Michael Zilis’s Veritone (VERI) RSUs vest?
One 120,000-unit RSU grant vests entirely on the earlier of July 7, 2027, or the day before Veritone’s 2027 annual meeting. The other grant vests 50% on that same schedule and the remaining 50% on March 14, 2028, subject to continued service conditions.
Are Michael Zilis’s Veritone (VERI) RSU grants open-market stock purchases?
No, the reported RSU awards are stock-based compensation, not open-market purchases. The Form 4 uses transaction code “A” for a grant or award, and the RSUs convert into Veritone common shares only if and when the specified vesting conditions are met.
What does transaction code “A” mean in Michael Zilis’s Veritone (VERI) Form 4?
Transaction code “A” indicates a grant, award, or other acquisition of equity. In this case, it reflects RSU awards granted to director Michael Zilis at no cash cost per share, rather than voluntary buying or selling of Veritone stock on the open market.