Jacobson Mark L. 4
4 · Axsome Therapeutics, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Axsome (AXSM) COO Mark Jacobson Receives RSU Award
What Happened
Mark L. Jacobson, Chief Operating Officer of Axsome Therapeutics (AXSM), was granted 19,663 restricted stock units (RSUs) on February 26, 2026. The award was reported as a derivative grant (code A) at $0.00 per share — RSUs represent contingent rights to receive shares in the future rather than an immediate cash purchase or sale.
Key Details
- Transaction date: 2026-02-26 (reported on Form 4 filed 2026-02-27; filing appears timely)
- Grant: 19,663 RSUs; reporting price $0.00 (derivative award, no immediate cash transaction)
- Shares owned after transaction: not specified in the filing
- Footnote summary: (F1) Each RSU equals a contingent right to one share. (F2) Vesting: 25% vests on the one-year anniversary; remaining RSUs vest in three substantially equal annual installments, with full vesting by February 26, 2030. Vested shares will be delivered upon the earlier of a Change in Control, the reporting person’s separation of service (including various termination scenarios), or seven years from the grant date.
- Transaction code: A = Award/Grant (derivative)
Context
RSU grants are a form of compensation and do not indicate an immediate market purchase or sale. Because these units vest over multiple years and are delivered only upon vesting or certain corporate/separation events, they align executive compensation with future performance or retention rather than signaling short-term insider trading activity.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-26+19,663→ 19,663 totalExp: 2036-02-26→ Common Stock (19,663 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]25% of the RSUs will vest on the one (1) year anniversary of the date of grant. The remaining RSUs will vest in three substantially equal annual installments, such that the RSUs will be fully vested on February 26, 2030. Vested shares will be delivered to the reporting person upon the earlier of (i) the closing of a Change in Control (as defined in the Issuer's 2025 Long-Term Incentive Plan ("2025 Plan")), (ii) the reporting person's separation of service from the Issuer (including termination with or without Cause (as defined in the 2025 Plan), or termination due to death or Total and Permanent Disability (as defined in the 2025 Plan)), or (iii) seven (7) years from the date of grant.