Marantz Jing L. 4
Research Summary
AI-generated summary
Arcturus (ARCT) Director Jing L. Marantz Receives Award
What Happened
- Jing L. Marantz (listed in the filing as Marantz Jing L.), a member of the Board of Directors of Arcturus Therapeutics Holdings, received a grant of 15,000 derivative shares on 2026-06-05. The reported transaction is an award/grant (code A) at $0.00 per share; the filing identifies these as shares underlying an option that will vest over time. This grant is the Reporting Person’s 2026 annual board award.
Key Details
- Transaction date: 2026-06-05; Filing date (Form 4): 2026-06-15.
- Transaction type/code: Award/Grant (A); derivative instrument (shares underlying an option).
- Amount: 15,000 shares; reported price: $0.00.
- Vesting: Shares underlying the option vest monthly over a one-year period from the grant date (footnote).
- Shares owned after transaction: Not disclosed in the Form 4.
- Timeliness: Form 4 was filed 10 days after the transaction date (typically Form 4 is due within 2 business days), so this filing appears late.
Context
- This is a compensation grant to a director (annual board award) and not a market purchase or sale. Such awards are routine and reflect compensation policy rather than a direct buy/sell signal. Because these are derivative awards that vest over time, they do not represent immediate ownership of freely tradable shares until vested (and any exercise conditions are met).