Goldberg Andrew D. 4
4 · ACHIEVE LIFE SCIENCES, INC. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
ACHIEVE (ACHV) CEO Andrew Goldberg Receives RSU, Option & PRSU Awards
What Happened
Andrew D. Goldberg, ACHIEVE Life Sciences' CEO, President and Director, was granted three equity awards on April 18, 2026 that are recorded as derivative acquisitions at $0 per share. The awards cover a total of 17,109,164 underlying shares: 1,800,965; 3,601,929; and 11,706,270 shares (aggregate value reported as $0 in the Form 4 because these are compensation awards, not open-market purchases). These are grants of restricted stock units (RSUs), stock options, and performance-based RSUs (PRSUs) per the filing footnotes.
Key Details
- Transaction date: April 18, 2026; Form 4 filed April 21, 2026.
- Awards (all acquired at $0 per share): 1,800,965; 3,601,929; and 11,706,270 shares (total 17,109,164).
- Footnote highlights:
- F1: Each RSU represents a contingent right to one share at settlement.
- F2: Standard RSU vesting: 1/4 vests one year after 4/18/2026, then in substantially equal quarterly installments over the next 12 quarters; eligible for accelerated vesting under his employment agreement.
- F3: Option vesting: 1/4 vests one year after 4/18/2026, then monthly over 36 months; eligible for accelerated vesting.
- F4: PRSUs vest only upon achievement of up to eight share-price milestones (2x–9x of a reference price) and certain financial conditions; eligible for accelerated vesting.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No open‑market purchases or sales; these are compensation grants (transaction code A).
- No indication in the provided data of tax-withholding shares, 10b5-1 plans, or late‑filing flags.
Context
- These are compensation awards, not cash purchases — they signal equity-based pay rather than a direct insider purchase or sale.
- RSUs/PRSUs and options include typical multi-year vesting and performance conditions; PRSUs require substantial stock-price and performance milestones to convert into shares.
- Awards are eligible for accelerated vesting under his employment agreement, which can affect timing of when shares become owned/transferable.
Bottom line: ACHIEVE’s CEO was granted large equity awards on 4/18/2026 totaling 17.1M underlying shares under varying vesting/performance conditions; these are compensation grants (not market buys).
Insider Transaction Report
- Award
Restricted Stock Unit (RSU)
[F1][F2]2026-04-18+1,800,965→ 1,800,965 totalExp: 2036-04-18→ Common Stock (1,800,965 underlying) - Award
Stock Option (right to buy)
[F3]2026-04-18+3,601,929→ 3,601,929 totalExercise: $4.25Exp: 2036-04-18→ Common Stock (3,601,929 underlying) - Award
Performance Restricted Stock Unit (PRSU)
[F1][F4]2026-04-18+11,706,270→ 11,706,270 totalExp: 2036-04-18→ Common Stock (11,706,270 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock at settlement.
- [F2]Pursuant to the terms of the award agreement governing the RSU, the number of shares underlying the RSU vest as to 1/4 of the total award on the one-year anniversary of April 18, 2026, and thereafter in substantially equal quarterly installments on the twelve quarterly anniversaries thereafter, subject to the Reporting Person's provision of services to the Issuer on each vesting date. The RSUs are eligible for accelerated vesting pursuant to the Reporting Person's employment agreement with the Issuer.
- [F3]The option will vest as to 1/4 of the total award on the one-year anniversary of April 18, 2026, and thereafter in substantially equal monthly installments over thirty-six months, subject to the Reporting Person's provision of services to the Issuer on each vesting date. The shares subject to the option are eligible for accelerated vesting pursuant to the Reporting Person's employment agreement with the Issuer.
- [F4]Pursuant to the terms of the award agreement governing the PRSU, the number of shares underlying the PRSU vest based on achievement of eight share price milestones ranging from 2x to 9x of a reference price, in whole or in part, upon achievement of certain financial performance conditions. The PRSUs are eligible for accelerated vesting pursuant to the Reporting Person's employment agreement with the Issuer.