Danforth Richard 4

What Happened

• Richard Danforth, CEO and director of Genasys Inc. (GNSS), received a grant of 400,000 restricted stock units (RSUs) on January 26, 2026. The Form 4 records the acquisition at $0.00 per share (an award/compensation grant), not an open‑market purchase.

Key Details

• Transaction date: January 26, 2026; Filing date / Form 4 accession: January 28, 2026 (appears timely under the two‑business‑day Form 4 rule).
• Grant size and price: 400,000 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote (F1): Describes vesting terms (see Context). Transaction code: A (award/grant).

Context

• These are restricted stock units, not immediately tradable shares. According to the filing footnote, 50% of the RSUs vest on a time basis (with 1/3 of those units vesting on 12/31/2026 and the remaining 2/3 of that 50% vesting on 12/31/2027). The other 50% vest only if the company meets certain financial performance measures for fiscal year 2026 — so half the grant is performance‑contingent.
• Because RSUs convert to shares only upon vesting (and performance conditions may not be met), the grant does not represent immediate cash value or sale proceeds. This is a standard form of executive compensation rather than an indicator of an open‑market buy or sell.