Santana Li William 4
Research Summary
AI-generated summary
Knightscope (KSCP) CEO Santana Li Receives 1.24M Option Award
What Happened
- Santana Li William, Chairman, CEO & President and a Director of Knightscope, was granted a derivative award for 1,243,116 shares on June 4, 2026. The Form 4 reports the acquisition at $0.00 (derivative award), with a reported value of $0 on the filing.
- This was an award/grant (not an open-market purchase or sale). The award vests in four annual 25% installments beginning June 4, 2027 through June 4, 2030, subject to continued service.
Key Details
- Transaction date: 2026-06-04; filing date (Form 4): 2026-06-08 (timely within SEC two-business-day rule).
- Amount: 1,243,116 shares (derivative award); reported price: $0.00; reported transaction value: $0.
- Vesting: 25% each year on June 4 in 2027, 2028, 2029 and 2030 (see footnote).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnote: The award is an option that vests annually in 25% installments, conditioned on continued employment/service.
- No indication in this filing that any shares were immediately exercised or sold.
Context
- This is a grant of derivative securities (an option award) to a senior executive. Such awards are commonly used for long-term incentive compensation and vest over time, so they do not represent an immediate market purchase or sale.
- Because the grant vests over multiple years, its economic impact depends on future vesting, potential exercise terms, and any later sales; the Form 4 here does not show an immediate exercise or disposition.