Sarnoff David 4
Research Summary
AI-generated summary
Rocket One (RKTO) Director David Sarnoff Receives 75,000-Share Award
What Happened
- David Sarnoff, a director of Rocket One Inc. (RKTO), was granted 75,000 derivative shares (options/award) on May 26, 2026. The grant shows an acquisition price of $0.00 and a reported acquisition value of $0. The award vested in full upon grant per the filing.
Key Details
- Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (appears timely — within the standard two business days).
- Instrument: Derivative award (options) issued under the Rocket One Inc. Amended and Restated 2022 Omnibus Equity Incentive Plan (see footnote F1).
- Amount: 75,000 derivative shares granted; reported grant price $0.00 and acquisition value $0.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: F1 states the options were issued under the company's 2022 Omnibus Equity Incentive Plan and vested in full upon grant.
Context
- This was an equity award (grant) rather than an open‑market purchase or sale. Such grants are commonly used for director compensation and do not, by themselves, indicate an immediate buy or sell of stock on the market.
- Because these are derivative awards (options), Sarnoff would typically need to exercise them according to plan terms to obtain common shares (exercise price, tax withholding, and other terms were not detailed in the provided filing).