Yen Mallun 4
4 · Everpure, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Everpure (P) Director Yen Mallun Receives 3,515-Share RSU Award
What Happened Yen Mallun, a director of Everpure, was granted 3,515 restricted stock units (RSUs) on June 10, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per share (total recorded value $0) — no cash purchase occurred. These RSUs convert into shares of Class A common stock only upon vesting.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (appears timely under the two-business-day rule).
- Grant: 3,515 RSUs; reported price: $0.00; reported transaction type: Award/Grant (A).
- Vesting: 100% of the RSUs vest on June 10, 2027, subject to the reporting person’s continuous service.
- Accelerated vesting: RSUs fully vest immediately prior to a Change in Control or Corporate Transaction, subject to continuous service.
- Resignation rule: If the director voluntarily resigns, the award vests pro rata as of the resignation date (1/365 × days of service between grant and resignation).
- Post-transaction beneficial ownership: The filing shows the RSU grant; shares are to be acquired upon vesting. The filing excerpt provided does not specify total shares owned following the grant.
Context This is an equity-compensation grant (RSUs), not an open-market purchase or sale. RSU grants are common for directors and employees as compensation and do not reflect an immediate cash investment or exit. The award includes standard conditions (time-based vesting, accelerated vesting on change-in-control, and pro rata treatment on voluntary resignation).
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-06-10+3,515→ 48,016 total
Footnotes (2)
- [F1]The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction.
- [F2]The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest on June 10, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to 1/365 of the shares subject to the award multiplied by the number of days of the Reporting Person's service between the date of grant and the effective date of the resignation.