Mathews Joseph 4
Research Summary
AI-generated summary
StartEngine (STGC) CTO Joseph Mathews Receives Award of 750,000 Shares
What Happened
Joseph Mathews, Chief Technology Officer of StartEngine Crowdfunding, Inc. (STGC), received an award of 750,000 derivative securities (stock options) on February 27, 2026. The filing reports a $0.00 price (no cash exchanged at grant) and does not state a market value or immediate transfer of common shares. This was a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-27; Form 4 filed 2026-03-03 (filed within the usual two business-day window).
- Grant size: 750,000 stock options (reported as a derivative acquisition, code A).
- Reported price: $0.00 (no cash paid at grant).
- Vesting: 25% vests on January 1, 2027; the remaining options vest monthly at 1/36th of the remaining award until fully vested three years after the Vesting Start Date (per filing footnote).
- Shares/ownership after transaction: not specified in the supplied filing.
- Filing type: compensation award (not a purchase/sale); no 10b5-1 or tax-withholding notes shown in the provided details.
Context
This is a standard executive compensation grant that vests over time and does not reflect an immediate market transaction. Such awards are common for employee retention and incentive; they are informative about management compensation but do not by themselves indicate buying or selling sentiment.