Von Witzleben Alexander Reymar Karl-Wilhelm 4
Research Summary
AI-generated summary
Innoviz (INVZ) Director Alexander von Witzleben Receives RSU Award
What Happened
- Alexander Reymar Karl-Wilhelm von Witzleben, a director of Innoviz Technologies Ltd. (INVZ), received an award of 110,668 restricted share units (RSUs) reported on May 13, 2026. The Form 4 shows an acquisition code "A" and a reported price of $0.00 (no cash paid or exercise price).
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (filed within the typical 2-business-day window).
- Award: 110,668 RSUs; reported acquisition value $0.00 on the Form 4 (RSUs have no exercise price).
- Vesting: RSUs shall fully vest on April 5, 2027, subject to von Witzleben remaining a service provider on that date (Footnote F1).
- Current shares: Footnote F2 states the reporting person currently holds 186,100 ordinary shares. If all RSUs vest and convert 1-for-1, his total would be 296,768 ordinary shares.
- Filing notes: No 10b5-1 plan, tax-withholding sale, or late-filing indicator was reported in this filing.
Context
- RSUs are a conditional grant that convert to ordinary shares at vesting (here, one RSU = one ordinary share). The Form 4 records the grant itself (an award), not a market purchase or sale—so it does not signal an immediate cash outlay or insider sale.
- The economic value of these RSUs will depend on Innoviz’s share price on the vesting date (April 5, 2027) and whether the reporting person remains with the company.