Mitchell Michael C 4

What Happened
Mitchell Michael C, a director of FG Nexus, was granted 3,812 restricted stock units (RSUs) on 2026-02-03 as payment of director fees in lieu of cash. The RSUs were reported at $0 and, per the filing, vested on the grant date. Each RSU represents a contingent right to one share of the company's common stock. This transaction is an award/compensation event (code A), not a market purchase or sale.

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-04 (appears timely).
• Instrument: 3,812 RSUs granted; reported acquisition price $0; total reported value $0.
• Vesting: All RSUs vested on the grant date (per footnote).
• Shares owned after transaction: not specified in the provided summary—see the full Form 4 for total beneficial ownership.
• Footnote: RSUs were granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash; each RSU converts to one share when settled.
• No 10b5‑1 plan, tax‑withholding, or cashless exercise noted in the provided details.

Context
RSU awards to directors are routine compensation and do not directly indicate the director is buying or selling shares in the open market. Because these RSUs vested immediately, they may be settled into common stock (which can dilute existing shares) per plan terms. For complete ownership figures and settlement details, consult the full Form 4 filing (Accession 0001493152-26-005143).