Director Alan Bigman receives WHK (WHK) stock, RSU awards before IPO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WhiteHawk Minerals Corp. director Alan Stuart Bigman reported equity-based awards in connection with the company’s reorganization and upcoming initial public offering. He acquired 2,403 shares of Class A Common Stock through a reorganization and received 9,524 restricted stock units, each representing a right to one share, vesting on June 10, 2027. Following these awards, he holds 11,927 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bigman Alan Stuart
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,524 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,403 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 11,927 shares (Direct, null)
Footnotes (1)
- This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a). Represents an acquisition of shares of Class A Common Stock pursuant to a reorganization of the Issuer. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs vest on June 10, 2027.
Key Figures
Reorganization shares acquired: 2,403 shares
RSU award: 9,524 RSUs
Post-transaction holdings: 11,927 shares
+2 more
5 metrics
Reorganization shares acquired
2,403 shares
Class A Common Stock acquired pursuant to reorganization
RSU award
9,524 RSUs
Each RSU represents a right to one Class A share
Post-transaction holdings
11,927 shares
Class A Common Stock held directly after awards
RSU vesting date
June 10, 2027
Vesting date for 9,524 RSUs
Transaction count (acquisitions)
2 transactions
Both coded as A (grant/award acquisition)
Key Terms
restricted stock units ("RSUs"), reorganization of the Issuer, initial public offering, Section 12 of the Securities Exchange Act of 1934, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
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.
reorganization of the Issuer financial
"Represents an acquisition of shares of Class A Common Stock pursuant to a reorganization of the Issuer"
initial public offering financial
"in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a)"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Section 12 of the Securities Exchange Act of 1934 regulatory
"prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934"
Rule 16a-2(a) regulatory
"and is reported herein pursuant to Rule 16a-2(a)"
FAQ
What insider transactions did Alan Stuart Bigman report at WHK on this Form 4?
Alan Stuart Bigman reported acquiring 2,403 shares of Class A Common Stock through a reorganization and receiving 9,524 restricted stock units. Each RSU represents a contingent right to one share, vesting on June 10, 2027, increasing his direct holdings.
What are the terms of the 9,524 RSUs reported for WhiteHawk Minerals (WHK)?
The 9,524 RSUs are awards where each unit represents a contingent right to receive one share of Class A Common Stock. According to the filing, these restricted stock units are scheduled to vest on June 10, 2027, subject to the applicable award conditions.
Were Alan Stuart Bigman’s WHK transactions open-market buys or compensation awards?
The transactions were compensation-related awards and restructuring acquisitions, not open-market buys. Both are coded as “A” for grants or other acquisitions, including 2,403 shares from a reorganization and 9,524 restricted stock units granted as equity compensation.
Why does the WHK Form 4 mention the initial public offering in a footnote?
A footnote explains the transaction occurred before WhiteHawk Minerals registered its equity under Section 12 for its initial public offering. It clarifies the reporting is made pursuant to Rule 16a-2(a), which covers certain pre-registration transactions by insiders.