Lekstrom Morgan Lee 4
Research Summary
AI-generated summary
Streamex (STEX) 10% Owner Lekstrom Sells Shares, Receives RSUs
What Happened
- Lekstrom Morgan Lee, a reported 10% owner of Streamex Corp. (STEX), was granted 100,000 restricted stock units (RSUs) on 2026-01-08 and sold 12,759 shares on 2026-04-14 for $1.07 each, generating proceeds of $13,652. The RSU grant was recorded at $0.00 (no cash purchase price).
Key Details
- Grant date: 2026-01-08 — 100,000 RSUs granted (each RSU entitles holder to one share at settlement).
- Sale date: 2026-04-14 — 12,759 shares sold at $1.07 per share; total proceeds reported $13,652.
- Footnote: The RSUs vest in four equal quarterly installments over one year starting on the grant date. The reported sale was made "solely to satisfy tax withholding obligations" on the partial vesting of the RSUs.
- Shares owned after the transaction: not specified in the excerpt provided (check the full Form 4 for total holdings).
- Filing date: Form 4 filed 2026-04-17 (see the full filing for any timeliness notes).
Context
- RSUs are a grant (not an open-market purchase) that convert into shares upon vesting; this sale appears to be a tax-withholding disposition tied to vesting rather than an investment-driven sale. As a 10% owner, Lekstrom is a large insider; such routine withholding sales are common when equity awards vest.