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Ondas Inc.·4

May 21, 9:30 PM ET

COHEN RICHARD M 4

Research Summary

AI-generated summary

Updated

Ondas (ONDS) Director Richard M. Cohen Receives RSUs, Sells Shares

What Happened

  • Richard M. Cohen, a director of Ondas Inc. (ONDS), had RSUs vest and received 44,848 shares on May 18, 2026 (acquired at $0.00 per share). To cover tax liabilities and as a separate open‑market sale, 15,152 of those shares were sold to the company for tax withholding at $9.70 per share (proceeds $146,974) and 7,500 shares were sold in the open market on May 20, 2026 at $9.50 per share (proceeds $71,250). Total proceeds from disposals: $218,224. Net new shares retained from these grants = 22,196 shares (44,848 acquired − 22,652 disposed).

Key Details

  • Transaction dates and prices:
    • May 18, 2026: RSU vesting / conversion (reported as derivative exercise/conversion, code M) — 44,848 shares delivered at $0.00.
    • May 20, 2026: Tax withholding (code F) — 15,152 shares sold at $9.70 (total $146,974).
    • May 20, 2026: Open‑market sale (code S) — 7,500 shares sold at $9.50 (total $71,250).
  • Shares owned after transaction: the filing does not report total pre‑existing holdings; net increase from these vesting events = +22,196 shares.
  • Notable footnotes:
    • F1/F3: Shares were received upon RSU vesting (each RSU = one share).
    • F2: Shares were sold by the company to fund tax withholding (a “sell‑to‑cover”).
    • F4/F5: Grants and vesting schedules — 78,431 RSUs granted May 12, 2025 (39,215 delivered); 15,645 RSUs granted Aug 11, 2025 (5,633 delivered). Remaining RSUs subject to future vesting conditions.
  • Filing: Form 4 filed May 21, 2026 reporting May 18 and May 20 transactions. (Form 4s are generally due within two business days of a reportable transaction.)

Context

  • These transactions reflect routine RSU vesting and sell‑to‑cover tax withholding plus a separate partial open‑market sale. The derivative entries (code M) reflect conversion/settlement of RSUs into shares; the tax withholding (code F) represents shares sold to cover the tax bill rather than a cash payment. Such sell‑to‑cover transactions are common and do not by themselves indicate the insider’s broader market view.