Huston Robert Patrick 4
Research Summary
AI-generated summary
Ondas (ONDS) COO Robert Huston Receives RSU Shares; Sell to Cover
What Happened
- Robert Patrick Huston, COO, General Counsel & Secretary of Ondas Inc., had RSUs vest and converted into common stock. A total of 16,666 shares were delivered on May 18, 2026 pursuant to previously granted RSUs. To satisfy tax withholding, the Company sold 5,480 of those shares at $9.70 each for proceeds of about $53,155.
- This was not a market purchase (bullish signal); it was an award vesting (A/M-type conversion) followed by a routine sell-to-cover for taxes (F).
Key Details
- Vesting / conversion date: May 18, 2026 — 16,666 shares delivered from RSUs (per footnotes).
- Sell-to-cover: May 20, 2026 — 2,735 shares sold for $26,529 and 2,745 shares sold for $26,626; price $9.70 per share; total ≈ $53,155.
- Net shares retained from this vesting: 16,666 delivered − 5,480 sold = 11,186 shares retained.
- Footnotes: RSUs granted Nov 4, 2025 (100,000 RSUs total); each RSU equals one share; these vested in part on Feb 4 and May 4/18/2026 per schedule; the disposals were to fund tax liability (sell-to-cover).
- Filing: Report filed May 21, 2026 covering transactions on May 18 and May 20. Because some vesting occurred May 18, the filing appears to report that vesting after the typical two-business-day window for Form 4s (i.e., filed later than two business days for the May 18 event).
Context
- These transactions reflect RSU vesting and a cashless-style sell-to-cover for tax withholding — routine for equity awards and not an open-market investment decision by the insider.
- Transaction codes: M = exercise/conversion of derivative (here, RSUs converting into shares); F = payment of exercise price or tax liability (sell-to-cover).