STANG ERIC B 4

What Happened
Eric B. Stang, a director of Rambus Inc. (RMBS), was granted 2,223 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the award as an acquisition (Code A) at $0.00 per unit (aggregate reported value $0). RSUs are a compensatory award, not an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026. Form filed April 3, 2026 (timely within the SEC two-business-day window).
• Transaction type: Grant / Award (Form 4 code A).
• Units granted: 2,223 RSUs @ $0.00; aggregate amount reported $0.
• Shares owned after transaction: Not specified in the provided excerpt. The filing notes shares are also held directly by the Stang Family Trust (see footnote F2).
• Footnotes:
  • F1: RSUs vest April 1, 2027 (or the first business day thereafter); each RSU represents the contingent right to receive one share of RMBS common stock.
  • F2: Some shares are held directly by the Stang Family Trust dated September 2, 2004, for which Mr. Stang is trustee.
• Filing timeliness: No late filing indicated.

Context
RSUs are a form of equity compensation that convert into actual shares only upon vesting; they do not represent immediately tradable shares. The economic value realized will depend on Rambus’s stock price at vesting. Grants like this are typically routine director compensation and should be interpreted as an award rather than a direct market signal.