WEINSTEIN ROBERT 4
Research Summary
AI-generated summary
XWELL (XWEL) Director Robert Weinstein Receives 100,000 RSUs
What Happened
Robert Weinstein, a director of XWELL, was granted 100,000 restricted stock units (RSUs) on February 27, 2026. The award is reported as an "A" (award/grant) at $0.00 per share (no cash paid at grant). The RSUs will convert to shares only if they vest per the grant terms.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (filed within the typical 2-business-day reporting window).
- Grant: 100,000 RSUs, reported price $0.00 (reflects an award, not a purchase).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The 100,000 RSUs vest on the 30th day following the grant date, contingent on Weinstein remaining employed or providing services. The RSUs were granted conditioned on closing of a securities purchase agreement (dated Feb 24, 2026), which closed on Feb 27, 2026.
Context
RSUs are a form of compensation that convert to stock upon vesting; this grant is not an open‑market purchase or sale and does not itself signal a buy or sell intent. The award is tied to continued service and a short (30‑day) vesting condition triggered by the closing noted in the footnote.