Director Brian Friedman awarded 7,066 Vitesse (NYSE: VTS) RSUs
Rhea-AI Filing Summary
FRIEDMAN BRIAN P reported acquisition or exercise transactions in this Form 4 filing.
Vitesse Energy, Inc. director Brian P. Friedman received a grant of 7,066 restricted stock units of common stock. The award carries a zero dollar grant price and is a form of equity compensation, not an open-market purchase.
Each restricted stock unit represents a right to receive one Vitesse share and will vest on the earlier of the first anniversary of the grant date or the company’s 2027 annual meeting of stockholders, subject to continued service. After this grant, Friedman directly holds 527,003 shares. He also has indirect interests in 4,365 shares held by a profit sharing plan, 260,555 shares held by a family limited partnership (with beneficial ownership disclaimed above his pecuniary interest), and 400,000 shares held by his trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,066 shares
Net Buy
4 txns
Insider
FRIEDMAN BRIAN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,066 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 527,003 shares (Direct);
Common Stock — 400,000 shares (Indirect, By Reporting Person's Trust);
Common Stock — 260,555 shares (Indirect, By Family Limited Partnership);
Common Stock — 4,365 shares (Indirect, By Trustee of Profit Sharing Plan)
Footnotes (2)
- F1. Represents unvested restricted stock units, each of which represents a contingent right to receive one share of Vitesse Energy, Inc. (the "Company") common stock. The restricted stock units will vest on the earlier of the first anniversary of the date of grant or the date of the Company's 2027 Annual Meeting of Stockholders, subject to continued service through the vesting date.
- F2. The Reporting Person disclaims beneficial ownership of the portion of shares held by the limited partnership in excess of his proportionate pecuniary interest in those shares.
Key Figures
RSU grant: 7,066 units
Grant price: $0.0000 per share
Direct holdings after grant: 527,003 shares
+3 more
6 metrics
RSU grant
7,066 units
Restricted stock units granted to director
Grant price
$0.0000 per share
Price for RSU award
Direct holdings after grant
527,003 shares
Common stock held directly post-transaction
Profit sharing plan holdings
4,365 shares
Indirect via profit sharing plan
Family limited partnership holdings
260,555 shares
Indirect via family limited partnership
Trust holdings
400,000 shares
Indirect via reporting person’s trust
Key Terms
restricted stock units, beneficial ownership, family limited partnership, pecuniary interest
4 terms
restricted stock units financial
"Represents unvested restricted stock units, each of which represents a contingent right"
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the portion of shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
family limited partnership financial
"nature_of_ownership": "By Family Limited Partnership""
pecuniary interest financial
"in excess of his proportionate pecuniary interest in those shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Vitesse Energy (VTS) director Brian P. Friedman receive in this Form 4?
Brian P. Friedman received 7,066 restricted stock units as equity compensation. Each unit represents the right to receive one share of Vitesse common stock, awarded at a zero dollar grant price and reported as an acquisition rather than a market purchase.
How and when do Brian P. Friedman’s 7,066 Vitesse (VTS) restricted stock units vest?
The 7,066 restricted stock units vest on the earlier of the first anniversary of the grant date or Vitesse’s 2027 annual meeting. Vesting is conditioned on Friedman’s continued service through that vesting date, making this a time-based equity incentive award.
What indirect holdings in Vitesse Energy (VTS) does Brian P. Friedman report?
He reports indirect interests in 4,365 shares held by a profit sharing plan, 260,555 shares held by a family limited partnership, and 400,000 shares held by his trust. For the partnership, he disclaims beneficial ownership above his proportionate pecuniary interest.
Is Brian P. Friedman’s Vitesse (VTS) transaction an open-market buy or compensation grant?
The filing shows a compensation grant, not an open-market buy. The 7,066 restricted stock units were acquired at a zero dollar price as a grant or award, classified as an acquisition related to his role rather than a purchase on the stock market.