Cronin Johanna 4
Research Summary
AI-generated summary
StartEngine (STGC) CMO Johanna Cronin Receives 750,000-Share Award
What Happened
- Johanna Cronin, Chief Marketing Officer of StartEngine Crowdfunding, Inc. (STGC), was granted an award of 750,000 derivative securities on February 27, 2026. The grant is reported at a $0.00 acquisition price (i.e., no cash paid on grant).
- This is an award/derivative grant (not an open-market purchase or sale) and does not represent immediate sale proceeds or cash outlay by the insider.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-03.
- Amount: 750,000 derivative shares granted; reported price $0.00; reported value $0.
- Vesting: 25% vests on January 1, 2027 (Vesting Start Date); the remaining 75% vests monthly at 1/36th of the remaining award until fully vested three years after the Vesting Start Date (i.e., full vesting by Jan 1, 2030).
- Shares owned after the transaction: not specified in the provided filing.
- Filing timeliness: Form 4 was filed on 2026-03-03 for a 2026-02-27 grant; this filing date appears to be within the standard Section 16 two-business-day reporting window.
Context
- This is a grant of derivative securities (likely stock options or restricted share units) subject to a multi-year vesting schedule. Such awards are common as part of executive compensation and do not necessarily indicate immediate buying or selling sentiment.
- Because the grant is reported at $0, the economic value to the insider depends on future vesting and the company’s share value at vesting/exercise; it does not reflect a current cash transaction.