Suh Ndamukong 4

What Happened Suh Ndamukong, a director of FG Nexus Inc. (FGNX), was granted an award of 3,478 restricted stock units (RSUs) on 2026-02-03. The Form 4 reports the transaction as an acquisition (code A) at $0.00 per unit (total reported value $0). The filing notes these RSUs were issued as director fee payment and vested on the grant date; each RSU represents a contingent right to receive one share of common stock.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05.
• Transaction type/code: Grant/Award (A) of 3,478 RSUs at $0.00 (total $0 reported).
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs granted under the 2021 Equity Incentive Plan as director fee in lieu of cash; all RSUs vested on grant date (each RSU = right to one share).
• Timeliness: Filing shows reported transaction date and a filing date; the filing does not indicate a late (L) designation.

Context This was a compensation award (RSUs) rather than an open-market purchase or sale. Because the RSUs vested on grant date and each converts into a share per the footnote, the grant reflects non-cash director compensation; the filing does not state whether shares were issued immediately or whether any tax-withholding shares were retained. Awards like this are common for director fees and do not by themselves signal an insider buying or selling stock.