Vennare Raymond F 4
4 · Axe Compute Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Axe Compute (AGPU) CEO Raymond Vennare Receives RSU Award
What Happened
Raymond F. Vennare, CEO of Axe Compute Inc. (AGPU), received a grant of 20,000 restricted stock units (RSUs) on December 10, 2025 (reported as an award at $0.00 per share). The RSUs vested in full on January 1, 2026 and were settled on February 5, 2026. To satisfy withholding tax obligations upon settlement, 6,758 shares were withheld (disposed) at an effective value of $2.59 per share, totaling approximately $17,503. The Form 4 was filed late due to an inadvertent administrative oversight.
Key Details
- Transaction types: A = Award/Grant (20,000 RSUs on 2025-12-10); F = Tax withholding (6,758 shares withheld on 2026-02-05).
- Prices reported: RSU grant reported at $0.00; withholding equivalent value $2.59/share (6,758 shares ≈ $17,503).
- Shares owned after transaction: Not specified in the provided Form 4 disclosure.
- Notable footnotes: RSUs vested 1/1/2026 and were settled 2/5/2026; 6,758 shares withheld per the RSU agreement to cover taxes.
- Timeliness: Filing was late (footnote cites administrative oversight). TransactionTimeliness = L.
- Other corporate context disclosed: Board voted 2/6/2026 to terminate Vennare without cause effective 2/9/2026; he entered a separation agreement and resigned as Chairman and director effective 2/9/2026.
Context
RSUs are a grant that convert to shares at vesting; withholding shares to cover taxes is a routine, non‑market sale (cashless settlement) and does not necessarily signal a buy/sell decision by the insider. The late filing reflects an administrative error per the footnote; the termination and separation referenced in the filing may explain the timing of settlement but do not, by themselves, indicate insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2025-12-10+20,000→ 26,435 total - Tax Payment
Common Stock
[F2][F3]2026-02-05$2.59/sh−6,758$17,503→ 19,677 total
Footnotes (3)
- [F1]The grant consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vested in full on January 1, 2026. This Form 4 is being filed late due to an inadvertent administrative oversight. Upon discovery of the oversight, the Reporting Person is filing this Form 4 promptly and intends to comply with all future filing requirements under Section 16(a) of the Securities Exchange Act of 1934.
- [F2]The RSUs were settled on February 5, 2026. The Issuer withheld 6,758 shares of common stock to cover withholding tax, in accordance with the Restricted Stock Unit Award Agreement between Reporting Person and the Issuer.
- [F3]As disclosed on the Form 8-K filed February 9, 2026, the Issuer's Board of Directors (the "Board") voted on February 6, 2026 to terminate, without cause, the employment of Reporting Person with the Issuer, effective as of February 9, 2026. In connection with his termination, Reporting Person entered into a separation agreement with the Issuer and resigned as Chairman and a member of the Board, each effective as of February 9, 2026.