Bromley Sean David 4
Research Summary
AI-generated summary
Starfighters (FJET) Director Sean Bromley Converts RSUs to 168,750 Shares
What Happened
- Sean David Bromley, a director of Starfighters Space, Inc. (FJET), converted/settled 168,750 restricted stock units into common shares on June 16, 2026. The filing also shows a simultaneous disposition of 168,750 shares at $0.00 (derivative transaction code M).
- No cash proceeds or sale price is reported for the disposed shares; the acquisition line shows N/A for price. This type of paired acquisition+disposition commonly reflects settlement of RSUs with shares withheld to satisfy tax or other withholding obligations rather than an open-market sale.
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 17, 2026 (no indication of a late filing).
- Acquired: 168,750 shares via exercise/conversion (derivative; price N/A).
- Disposed: 168,750 shares at $0.00 (derivative).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — each Restricted Stock Unit (RSU) equals one share at settlement. F2 — the RSUs vest 50% on June 16, 2026, with the remainder contingent on price/time-based conditions described in the filing.
Context
- This was a conversion/settlement of RSUs, not an open-market purchase or sale. The simultaneous $0.00 disposition usually indicates shares were withheld to cover tax withholding or similar settlement mechanics rather than a market sale, so it does not necessarily signal a change in sentiment by the insider.