RICHEY ELLEN 4
4 · GREEN DOT CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Green Dot (GDOT) Director Ellen Richey Receives RSU Award
What Happened Ellen Richey, a director of Green Dot Corporation (GDOT), was granted a restricted stock unit (RSU) award for 17,496 shares on 2026-05-21. The award was granted at $0.00 per share (no cash outlay); these RSUs represent the right to receive Class A common shares subject to vesting conditions. This is a compensation award (not an open-market purchase or sale).
Key Details
- Transaction date and type: 2026-05-21 — Grant/Award (code A) of 17,496 RSUs at $0.00.
- Report filing: Form 4 filed 2026-05-22 (timely; filed one day after the transaction date).
- Shares owned after transaction: Not disclosed in the filing.
- Notable vesting footnotes:
- The RSUs vest in full on the first anniversary of the grant date, but vest earlier if the closing of the November 23, 2025 Merger Agreement among Green Dot, CommerceOne Financial Corp. and others occurs prior to that date.
- If the merger closes before the first anniversary, vesting is prorated by days elapsed/365.
- If Richey continues in service with CommerceOne (or affiliates) after closing, any unvested portion will be treated as an Unvested Green Dot RSU Award under the merger agreement.
- No tax-withholding sale or immediate cashless exercise indicated.
Context RSUs are a form of equity compensation that convert into shares only after vesting; receiving an RSU award is routine compensation and does not necessarily signal personal buying or selling intent. The award includes accelerated and prorated vesting tied to a pending merger with CommerceOne, so the number of shares that ultimately vest depends on timing of that closing and continued service arrangements.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-05-21+17,496→ 91,965 total
Footnotes (2)
- [F1]Represents shares of Class A Common Stock underlying a restricted stock unit ("RSU") award that will vest as to all underlying shares on the first anniversary of the date of grant, with vesting to accelerate upon the occurrence of the closing of the transactions (the "Closing") contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation ("CommerceOne") and certain other parties thereto, dated as of November 23, 2025 (the "Merger Agreement") prior to such date; provided, however, that in the event the Closing occurs prior to the first anniversary of the date of grant, the RSU award shall vest on a prorated basis such that the number of vested RSUs is equal to the product of the total number of RSUs subject to such award multiplied by a fraction, the numerator of which is the number of days elapsed from the date of grant through and including the date of the Closing, and the denominator of which is 365.
- [F2](Continued from footnote 1) To the extent reporting person continues in service with CommerceOne or its affiliates following the Closing, the remaining portion of the RSUs shall be treated as an Unvested Green Dot RSU Award in accordance with the Merger Agreement.