Masci Michael 4

What Happened

• Rumble Inc. (RUM) CFO Michael Masci received multiple equity awards on April 1, 2026: 99,800 RSUs, 228,591 RSUs, 452,866 stock options (derivative), and 878,596 stock options (derivative). All grants are reported at $0 per share (no cash paid at grant). Total awards/options equal 1,659,853 shares/options.
• These were grants/awards (not open-market purchases or sales). RSUs will convert to shares as they vest; options give the right to buy shares in the future if vested and exercised.

Key Details

• Transaction date: April 1, 2026; Filing date: April 8, 2026 (filed after the transaction date).
• Reported prices/consideration: $0.00 per share for all items (typical for RSU/option grants reported as "awarded").
• Total granted: 1,659,853 shares/options (99,800 RSUs + 228,591 RSUs + 452,866 options + 878,596 options).
• Shares owned after transaction: not specified in the provided filing details.
• Vesting/footnote summary:
  • F1 (99,800 RSUs): vests in four equal annual installments beginning on the first anniversary of the grant.
  • F2 (228,591 RSUs): vests in eight equal quarterly installments beginning June 30, 2026.
  • F3 (452,866 options): vests in four equal annual installments beginning on the first anniversary of the grant.
  • F4 (878,596 options): vests over five years — 25% vesting on March 31, 2028, remainder vesting in three equal annual installments on March 31, 2029–2031.
• Timeliness: Filing occurred 7 days after the transaction date; this appears late for a Form 4 (typically due within two business days), which can reduce near-term transparency.

Context

• RSUs and option grants are typically retention/compensation tools and vest over time; they do not represent an immediate cash outlay or sale. Because these are awards (not purchases), they do not by themselves signal the insider buying stock on the open market.
• Options are derivatives: they must vest and then be exercised (often at a strike price not disclosed here) before creating taxable/marketable shares. Future exercises or sales would be reported separately.