Hare Joshua 4
4 · Longeveron Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Longeveron (LGVN) 10% Owner Joshua Hare Receives RSU Award
What Happened
Joshua Hare, a 10% owner of Longeveron, was granted a total of 1,000,000 restricted stock units (RSUs) on July 6, 2026. The filing shows 600,000 RSUs acquired (time‑based) and an additional 400,000 RSUs reported as derivative awards; the reported acquisition price/value is $0 (these are awards, not open‑market purchases or sales).
Key Details
- Transaction date(s): 2026-07-06; Form filed: 2026-07-08.
- Grants: 600,000 RSUs (time‑based) + 400,000 RSUs (derivative) = 1,000,000 total; reported value $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Awards are time‑based vesting RSUs.
- F2: Includes RSUs subject to future vesting, including 600,000 shares of Class B common stock underlying RSUs.
- F3: 462,807 shares of Class B common stock are not registered under the Exchange Act; Class B shares carry 5 votes per share and are convertible 1:1 into common stock.
- F4: (For related equity) an option vests quarterly over a three period beginning Oct 1, 2026.
- Timing: Filing was submitted two days after the report period date; no late filing flag indicated.
Context
This transaction is a compensation grant (award) to a significant shareholder, not a market purchase or sale. RSUs typically vest over time and convert into shares only upon vesting; derivative RSUs listed are subject to future vesting conditions. The presence of Class B shares means some underlying shares carry enhanced voting power but are convertible into common stock at the holder’s option. As a 10% owner (not necessarily an active executive trade), this award reflects equity compensation rather than an immediate bullish or bearish market action.
Insider Transaction Report
- Award
Class B Common Stock
[F1][F2][F3]2026-07-06+600,000→ 1,321,796 total - Award
Stock Option (right to buy)
[F4]2026-07-06+400,000→ 400,000 totalExercise: $0.65Exp: 2036-07-06→ Class B Common Stock (400,000 underlying)
Footnotes (4)
- [F1]Represents the award of time-based vesting Restricted Stock Units (RSUs).
- [F2]Includes RSUs subject to future vesting, including 600,000 shares of Class B common stock underlying RSUs. Class B common stock is not registered, as further discussed in Footnote 3 below.
- [F3]Amount includes 462,807 shares of Class B common stock, which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B common stock have identical rights to holders of common stock, except that holders of Class B common stock are entitled to 5 votes for each share held of record. Each share of Class B common stock is convertible at any time, at the option of the holder, into one share of common stock.
- [F4]The option vests quarterly over a three period beginning on October 1, 2026.