Xtend AI Robotics grants counsel 570,000 stock units
The award combines a monthly service-based tranche with two tranches tied to performance targets and 2027 deadlines.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Xtend AI Robotics, Inc. reported that Chief Legal Counsel Mor Swiel received awards on October 23, 2026, under its 2026 Equity Incentive Plan in connection with an employment-agreement amendment: 190,000 restricted stock units (RSUs) and 380,000 performance restricted stock units (PRSUs), the second and third tranches of a 570,000-RSU grant. The 190,000-RSU tranche vests in 36 equal monthly installments beginning September 3, 2026, subject to continued service. The PRSU tranches vest over 36 months, subject to key performance indicator achievement by March 1, 2027, and September 1, 2027, respectively, and continued service. Swiel's reported common-stock position after the 190,000-unit award was 824,484 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F3, F4, F5 | 380,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 190,000 | $0.00 | $0.00 |
Footnotes (5)
- F1. Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Equity Incentive Plan to the Reporting Person in connection with an amendment to his employment agreement with the Issuer. Each RSU represents a contingent right to receive one share of common stock of the Issuer.
- F2. Represents the first of three equal tranches of 190,000 RSUs comprising a total grant of 570,000 RSUs. This first tranche is not subject to any key performance indicators and vests over a period of 36 months in 36 equal monthly installments commencing on September 3, 2026, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- F3. Represents performance restricted stock units ("PRSUs") comprising the second and third tranches of 190,000 PRSUs each, of the total grant of 570,000 RSUs described in footnote (2), the vesting of which is conditioned upon the achievement of key performance indicators. Each PRSU represents a contingent right to receive one share of common stock of the Issuer.
- F4. Each PRSU converts into one share of common stock of the Issuer upon vesting.
- F5. Each of the second and third tranches vests over a period of 36 months in 36 equal monthly installments, with vesting beginning on September 3, 2026, provided that (i) the vesting of the second tranche is conditioned upon the achievement of the applicable key performance indicators on or prior to March 1, 2027, and (ii) the vesting of the third tranche is conditioned upon the achievement of the applicable key performance indicators on or prior to September 1, 2027, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
performance restricted stock units ("PRSUs") financial
key performance indicators financial
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did XTND's chief legal counsel receive?
What are the vesting conditions for Mor Swiel's XTND PRSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.