Earnings Feed
Start Free
908 Devices Inc.·4

Jun 12, 4:49 PM ET

HRUSOVSKY E KEVIN 4

Research Summary

AI-generated summary

Updated

908 Devices (MASS) Director E. Kevin Hrusovsky Exercises RSUs, Receives Awards

What Happened

  • E. Kevin Hrusovsky, a director of 908 Devices Inc. (MASS), reported conversion/exercise of 14,083 derivative shares on June 10, 2026, and two RSU awards on June 11, 2026 totaling 19,865 RSUs (13,656 + 6,209). The filing shows $0.00 prices for the reported dispositions and the RSU awards; no open‑market buy or sale for cash was reported. The conversion on June 10 reflects vested RSUs becoming shares; the simultaneous $0.00 disposition in the filing is consistent with settlement/withholding activity rather than a cash sale.

Key Details

  • Transaction dates and types:
    • 2026-06-10: Exercise/conversion of derivative (Form 4 code M) — 14,083 shares acquired (conversion) and 14,083 shares disposed at $0.00 (reported as derivative disposition).
    • 2026-06-11: Grants/awards (code A) — 13,656 RSUs and 6,209 RSUs, both reported at $0.00.
  • Shares owned after transaction: not specified in the filing.
  • Footnote highlights:
    • Each RSU converts to one share upon vesting (F1). The RSUs that vested became fully vested on June 10, 2026 (F3).
    • The June 11, 2026 RSU awards generally vest by June 11, 2027 (or the day before the 2027 annual meeting), subject to continued service and prorated vesting if the reporting person leaves (F4).
    • An option-related award will vest monthly over the 12 months following June 11, 2026 (F5).
    • Securities are held by the E. Kevin Hrusovsky 2012 Irrevocable Trust; the reporting person may be deemed the beneficial owner (F2).
  • Timeliness: Form 4 was filed 2026-06-12 for transactions on 2026-06-10–06-11, which is within the typical two-business‑day reporting window.

Context

  • Code M indicates exercise or conversion of a derivative (here, vested RSUs converting into shares). The $0.00 disposition reported at conversion is commonly used in filings to reflect withholding or settlement related to vesting rather than a market sale. The June 11 entries are new RSU awards (no cash exchanged) that vest over time per the footnotes. These transactions are award/vesting mechanics rather than open‑market buys or sales.