Rees-Jones David 4
4 · Suncrete, Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Suncrete (RMIX) Director David Rees-Jones Receives 48,000-Share Award
What Happened
David Rees-Jones, a director of Suncrete, Inc. (RMIX), was granted 48,000 restricted shares of Class B common stock on April 20, 2026. The award was reported as a derivative acquisition at a $0.00 price (code A — grant/award). These are compensation awards rather than an open‑market purchase or sale.
Key Details
- Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
- Award size and price: 48,000 restricted Class B shares; reported acquisition price $0.00.
- Vesting: 32,000 shares vest on April 20, 2028; 16,000 shares vest on April 20, 2029, contingent on continued service.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Voting/convertibility: Class B shares convert into Class A on certain transfers or holder election and carry 10 votes per share; under the award agreement Mr. Rees-Jones has sole voting power.
- Transaction type: Derivative compensation award (not a cash purchase or sale).
Context
Restricted share awards are common executive/director compensation and reflect company-issued equity rather than an immediate cash investment by the insider. Because these shares vest over time, they signal a retention incentive but do not necessarily indicate the insider’s short-term market sentiment.
Insider Transaction Report
Form 4
Suncrete, Inc.RMIX
Rees-Jones David
Director
Transactions
- Award
Class B Common Stock
[F1][F2][F3]2026-04-20+48,000→ 48,000 total→ Class A Common Stock (48,000 underlying)
Footnotes (3)
- [F1]Each share of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), of Suncrete, Inc. (the "Issuer") is convertible at any time at the option of the holder thereof into one share of Class A Common Stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"). In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B Common Stock, all outstanding shares of Class B Common Stock will be converted into shares of Class A Common Stock. Further, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, whether or not for value, except upon certain transfers described in the Issuer's amended and restated certificate of incorporation. The holders of Class A Common Stock and Class B Common Stock vote as a single class on all matters submitted to a vote of stockholders.
- [F2]The holders of Class A Common Stock are entitled to one vote per share and the holders of the Class B Common Stock are entitled to 10 votes per share. The shares of Class B Common Stock do not expire.
- [F3]Represents 48,000 restricted shares of Class B Common Stock with time-based vesting criteria granted to Mr. Rees-Jones under the Suncrete, Inc. 2026 Omnibus Incentive Plan that vest as follows: (i) 32,000 shares on April 20, 2028 and (ii) 16,000 shares on April 20, 2029; provided, that Mr. Rees-Jones is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Rees-Jones has sole voting power with respect to the shares.
Signature
/s/ David Rees-Jones|2026-04-22