Rubinstein Avraham 4
Research Summary
AI-generated summary
Alarum (ALAR) Director Avraham Rubinstein Receives RSU Award
What Happened
- Avraham Rubinstein, a director of Alarum Technologies Ltd. (ticker: ALAR), received a grant of 75,000 restricted share units (RSUs) on May 27, 2026.
- No purchase price or immediate cash change was involved (transaction type: Award/Grant — code A); per- share price and total dollar value were not provided in the filing.
- This is a compensation award, not an open-market buy or sale.
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 28, 2026 (appears timely — typical reporting window is two business days).
- Grant size: 75,000 RSUs; price: N/A; total cash value: N/A.
- Vesting schedule (footnote): 12,500 RSUs vest on Jan 19, 2027; remaining 62,500 RSUs vest in ten equal quarterly installments of 6,250 RSUs through July 19, 2029. Each RSU represents the right to one ordinary share when settled.
- Ownership note (footnote): These securities are owned by Ilanor Ltd.; Rubinstein’s spouse indirectly owns 49.9% of Ilanor, so Rubinstein may be deemed to beneficially own these securities only to the extent of his spouse’s pecuniary interest. Rubinstein disclaims beneficial ownership except to that extent.
- Shares owned after transaction: not specified in the filing.
Context
- RSUs are deferred compensation: they convert to actual shares only as they vest, so this grant does not immediately increase Rubinstein’s voting shares or result in a market transaction.
- Awards like this are common for executives and directors as compensation and do not by themselves signal a buy or sell decision by the insider.