Genasys (GNSS) CEO Richard Danforth Forfeits 200,000 RSUs

What Happened
Richard Danforth, CEO and director of Genasys Inc. (GNSS), recorded a disposition to the issuer on May 14, 2026: forfeiture of 200,000 restricted stock units (RSUs). The Form 4 shows these units were disposed at $0.00, resulting in no cash proceeds. Per the filing footnote, the RSUs were performance-based awards granted under the 2025 Equity Incentive Plan and were forfeited because the threshold performance measure for fiscal year 2026 was not achieved. Each RSU represented a contingent right to one share.

Key Details

• Transaction date: May 14, 2026; Form 4 filed Aug 13, 2026 (reporting the May transaction).
• Transaction type: Disposition to issuer (forfeiture) of 200,000 RSUs at $0.00; total proceeds $0.
• Grant info: RSUs were granted Jan 26, 2026 under the Issuer's 2025 Equity Incentive Plan; forfeited due to unmet performance threshold (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• No indication in the provided text of a 10b5-1 plan, tax withholding, or cashless exercise related to this transaction.

Context
This was not a market sale or purchase; it was a forfeiture of unvested, performance-based RSUs because performance targets weren't met. For retail investors, forfeitures are administrative consequences of unmet performance goals and do not involve insider buying or selling stock on the open market. The filing date (Aug 13, 2026) is several months after the May 14 transaction; readers may want to check the full SEC filing for any timeliness notes or additional holdings information.