Fanlo Saturnino Sixto 4
4 · GREEN DOT CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Green Dot (GDOT) Director Fanlo Saturnino Receives RSU Award
What Happened
Fanlo Saturnino Sixto, a director of Green Dot Corp (GDOT), received a grant of 17,496 restricted stock units (RSUs) on 2026-05-21. The award was granted at $0.00 per share (i.e., no cash paid by the insider). These RSUs represent a future right to receive 17,496 shares of Class A common stock subject to vesting conditions in the footnote.
Key Details
- Transaction date: 2026-05-21; Form 4 filed 2026-05-22. Transaction code: A (award/grant).
- Shares granted: 17,496 RSUs; acquisition price: $0.00 (grant).
- Shares owned after transaction: Not specified in the filing.
- Vesting (per footnote F1): RSUs vest in full on the first anniversary of the grant, but if the specified merger closing occurs before that date, vesting accelerates and is prorated based on days elapsed (vesting = total RSUs × days elapsed/365). The referenced merger agreement is dated November 23, 2025.
- No indication in the filing of a sale, purchase, or tax-withholding settlement at grant.
Context
RSU grants are a common form of executive/director compensation and do not transfer stock until vesting—so this is not an immediate market purchase or sale. The acceleration/proration tied to a merger closing is a standard provision that can speed up vesting if the company is acquired. The filing appears timely (reported the day after the transaction).
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-05-21+17,496→ 110,233 total
Footnotes (1)
- [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 contemplated by the Agreement and Plan of Merger by and among the issuer, CommerceOne Financial Corporation and certain other parties thereto, dated as of November 23, 2025 (the "Closing") 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.