Sawyer Jason David 4
Research Summary
AI-generated summary
GridAI (GRDX) CEO Jason Sawyer Receives 500,000-Share Award
What Happened
- Jason Sawyer, CEO of GridAI Technologies Corp. (GRDX), acquired a total of 500,000 shares via vesting of restricted stock units: 250,000 RSUs vested on 2026-03-31 and 250,000 RSUs vested on 2026-06-30. Each acquisition is reported at $0.00 per share (awarded/vested RSUs), so no purchase price was paid.
Key Details
- Transaction dates/prices: 250,000 shares vested 2026-03-31 @ $0.00; 250,000 shares vested 2026-06-30 @ $0.00 (transaction code A = award/acquisition).
- Total acquired in this filing: 500,000 shares; reported value shown as $0 (compensation award).
- Shares owned after transaction: not specified in this Form 4.
- Footnote: These vestings are part of a 1,000,000 RSU grant made on 2025-12-19; 250k vested 3/31/26 and 250k vested 6/30/26 based on satisfaction of performance objectives (remaining RSUs unvested).
- Filing date: Form 4 filed 2026-07-01. (Note: Form 4s are normally due within two business days of the transaction; the March 31 vesting appears on this July 1 filing unless previously reported separately.)
Context
- These transactions are vesting of compensation awards (RSUs), not open-market purchases or sales; they reflect compensation being realized rather than the CEO actively buying or selling shares.
- Awards can dilute equity over time as they vest; they do not necessarily signal immediate sentiment about the stock.