Veritone (VERI) director Knute P. Kurtz awarded 240,000 RSUs in new grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KURTZ KNUTE P. reported acquisition or exercise transactions in this Form 4 filing.
Veritone, Inc. director Knute P. Kurtz received two equity awards in the form of restricted stock units (RSUs) tied to the company’s common stock. Each grant covers 120,000 shares, for a total of 240,000 underlying shares of Veritone stock.
One 120,000-share RSU grant will fully vest on the earlier of July 7, 2027, or the day immediately before Veritone’s 2027 annual meeting of stockholders. The other 120,000-share grant vests in two equal parts, with 50% on the same 2027 date and the remaining 50% on March 14, 2028. These are compensation-related awards at no purchase price, not open-market share purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KURTZ KNUTE P.
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 — 259,433 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
First RSU grant: 120,000 shares
Second RSU grant: 120,000 shares
Grant price per share: $0.00 per share
+2 more
5 metrics
First RSU grant
120,000 shares
RSUs vesting on earlier of July 7, 2027 or before 2027 annual meeting
Second RSU grant
120,000 shares
RSUs vesting 50% on 2027 date and 50% on March 14, 2028
Grant price per share
$0.00 per share
Equity compensation award, not open-market purchase
Shares following first transaction
379,433 shares
Non-derivative holdings reported after one RSU grant
Shares following second transaction
259,433 shares
Non-derivative holdings reported after the other RSU grant
Key Terms
restricted stock units ("RSUs"), vesting, annual meeting of stockholders
3 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs") representing the right to receive upon vesting a total of 120,000 shares"
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 of the issuer's common stock"
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 earlier of July 7, 2027, or the day immediately preceding the date of the issuer's 2027 annual meeting of stockholders"
FAQ
What did Veritone (VERI) director Knute P. Kurtz report on this Form 4?
Knute P. Kurtz reported receiving two grants of restricted stock units. Each grant represents 120,000 shares of Veritone common stock, awarded as equity compensation at no purchase price, subject to future vesting conditions and timelines set by the company.
When will Knute P. Kurtz’s Veritone (VERI) RSUs vest?
One 120,000-share RSU grant will fully vest on the earlier of July 7, 2027, or the day immediately before Veritone’s 2027 annual meeting of stockholders. The second 120,000-share grant vests 50% on that same date and 50% on March 14, 2028.
What do the RSU grants mean for Knute P. Kurtz’s Veritone (VERI) ownership?
The RSU grants increase Kurtz’s potential future ownership if the awards vest. The filing shows non-derivative holdings after the transactions, and the 240,000 RSUs represent additional rights to receive Veritone shares upon future vesting events.
Are the Veritone (VERI) RSU awards tied to specific company meetings or dates?
Yes, both grants reference Veritone’s 2027 annual meeting of stockholders. Vesting for each RSU grant occurs on the earlier of July 7, 2027, or the day immediately before that meeting, with part of one grant vesting later on March 14, 2028.