Veritone (VERI) director granted 240,000 RSUs vesting through 2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morales Francisco reported acquisition or exercise transactions in this Form 4 filing.
Veritone, Inc. director Francisco Morales reported two equity compensation awards in the form of restricted stock units. Each award covers 120,000 RSUs, representing future rights to receive common shares at no purchase price.
For one award, all 120,000 RSUs vest on the earlier of July 7, 2027 or the day immediately before Veritone’s 2027 annual stockholder meeting. For the second award, 50% vests on that same 2027 date benchmark and the remaining 50% vests on March 14, 2028, aligning compensation with multi‑year service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morales Francisco
Role
null
| 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 — 157,500 shares (Direct, null)
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 RSUs
RSU grant 2 size: 120,000 RSUs
Grant price: $0.00 per share
+2 more
5 metrics
RSU grant 1 size
120,000 RSUs
Award representing rights to Veritone common shares
RSU grant 2 size
120,000 RSUs
Second award representing rights to Veritone common shares
Grant price
$0.00 per share
Reported transaction price for both RSU awards
Cliff vesting date benchmark
July 7, 2027
Or the day before Veritone’s 2027 annual stockholder meeting
Final vesting date
March 14, 2028
Remaining 50% of second RSU award vests
Key Terms
restricted stock units ("RSUs"), annual meeting of stockholders, Grant, award, or other acquisition, Common Stock
4 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.
annual meeting of stockholders financial
"the day immediately preceding the date of the issuer's 2027 annual meeting of stockholders"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Veritone (VERI) director Francisco Morales report?
Francisco Morales reported receiving two equity awards of restricted stock units, each covering 120,000 shares of Veritone common stock. These are stock-based compensation grants, not open-market share purchases or sales, and vest over time based on continued service.
How many Veritone (VERI) restricted stock units did Francisco Morales receive?
He received two separate awards, each consisting of 120,000 restricted stock units tied to Veritone common stock. In total, the grants cover 240,000 RSUs, which convert into shares only as they vest according to the specified schedules through 2027 and 2028.
When do Francisco Morales’s Veritone (VERI) RSU grants vest?
One 120,000-unit RSU award vests entirely on the earlier of July 7, 2027, or the day before Veritone’s 2027 annual stockholder meeting. The second award vests 50% on that same 2027 date benchmark and 50% on March 14, 2028, extending vesting into 2028.
Are Francisco Morales’s Veritone (VERI) RSU awards market purchases of stock?
No. The Form 4 describes RSU grants classified as “Grant, award, or other acquisition” at a price of $0.00 per share. These are compensation awards from Veritone, not shares bought or sold in the open market, and they vest over future dates if conditions are met.