Rankowitz Michael L 4

What Happened

• Michael L. Rankowitz, a director of VERU Inc. (VERU), received a grant of 100,000 derivative securities on May 4, 2026. The grant is reported as an award (transaction code A) with an acquisition price of $0.00, so no cash was paid and the immediate reported value is $0.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (filed within the standard two-business-day Form 4 window).
• Amount: 100,000 derivative shares; price per share: $0.00; total reported cash value: $0.
• Vesting: One-third of the shares vest on each of May 4, 2027, May 4, 2028, and May 4, 2029 (footnote in filing).
• Shares owned after the transaction: Not specified in the filing.
• Transaction type: Award/grant of derivative securities (filing does not specify exact instrument type such as RSUs vs. options).

Context

• This was a compensation award rather than an open-market purchase or sale, so it does not reflect an immediate cash investment or divestment by the insider. The grant will only convert into vested shares (and potential dilution) as portions vest on the stated future dates.