WiSA Tech Strengthens Executive Retention with Major CEO Stock Package Through 2028
Rhea-AI Filing Summary
Insider Trading Update: Nathaniel Bradley, CEO and Director of DataVault AI, reported significant stock acquisitions on June 25, 2025. Bradley received 218,905 LTIP shares as compensation for his board and officer services, while his spouse Sonia Choi was granted 54,726 LTIP shares for her role as an employee.
Key Details:
- Bradley's direct ownership following transactions: 4,265,361 shares
- Indirect ownership through spouse: 2,980,680 shares
- Additional indirect ownership through EOS Technology Holdings: 3,999,911 shares
- All LTIP shares vest quarterly from September 20, 2025, to June 20, 2028
- Both grants were made at $0 cost under the company's 2018 Long-Term Stock Incentive Plan
Bradley maintains significant ownership stake as both a 10% owner and CEO, though disclaiming beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 218,905 | $0.00 | -- |
| Grant/Award | Common Stock | 54,726 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 218,905 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received by Nathaniel Bradley ("Mr. Bradley") as compensation for Mr. Bradley's service as a member of the issuer's board of directors and as an officer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). The LTIP Shares associated with the Grant are scheduled to vest in equal installments, from the period from September 20, 2025 to June 20, 2028, on each September 20th, December 20th, March 20th and June 20th, so long as Mr. Bradley remains in the service of the issuer on each such date. 54,726 LTIP Shares of the issuer were received by Mr. Bradley's spouse, Sonia Choi ("Ms. Choi"), as compensation for Ms. Choi's service as an employee of the issuer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan. The LTIP Shares associated with the Grant are scheduled to vest in equal installments, from the period from September 20, 2025 to June 20, 2028, on each September 20th, December 20th, March 20th and June 20th, so long as Ms. Choi remains in the service of the issuer on each such date. Mr. Bradley disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 of the Exchange Act or for any other purposes.
FAQ
What is the vesting schedule for WISA CEO's new stock grant?