Falk Dan Michael 4
Research Summary
AI-generated summary
Innoviz (INVZ) Director Dan Falk Receives RSU Award
What Happened
- Dan Falk, a director of Innoviz Technologies Ltd. (INVZ), received an award of 110,668 Restricted Share Units (RSUs) on May 13, 2026. The RSUs have an effective price of $0.00 and were reported on a Form 4 filed May 15, 2026. The RSUs will fully vest on April 5, 2027, subject to Falk remaining a service provider on the vesting date. Each RSU represents the contingent right to one ordinary share.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely filing).
- Transaction type/amount: Award (A) of 110,668 RSUs at $0.00 per unit (no cash paid).
- Vesting: Fully vest on April 5, 2027, contingent on continued service (Footnote F1).
- Shares owned following transaction: Filing indicates 234,329 ordinary shares currently held (Footnote F2); if the RSUs vest, Falk’s holdings could increase to ~344,997 shares (234,329 + 110,668).
- No 10b5-1 plan, tax-withholding, or sale noted in this filing.
Context
- RSU grants are a common form of executive/director compensation and are not a market purchase or sale; they do not represent immediately tradable shares until vested and issued. This filing reports a grant rather than a buy/sell decision and should be viewed as compensation-related, not a direct market sentiment signal.