Busch Kurt 4
Research Summary
AI-generated summary
MOBIX LABS (MOBX) Director Kurt Busch Receives RSU Awards
What Happened
- Kurt Busch, a director of MOBIX LABS, received equity awards: 14,805 RSUs reported on Feb 25, 2026 and 5,000 RSUs reported on Mar 30, 2026 (total 19,805 RSUs). The awards show an acquisition price of $0, indicating restricted stock units/awards. Per the filing, the RSUs granted on Feb 25 vested on April 1, 2026.
- These amounts and any exercise prices in the filing were adjusted to reflect a 1-for-10 reverse stock split the company effected on April 6, 2026.
Key Details
- Transaction types: Award/Grant (code A) on 2026-02-25 (14,805 RSUs) and 2026-03-30 (5,000 RSUs); acquisition price $0.
- Vesting: Footnote states RSUs granted Feb 25 vested on April 1, 2026; March 30 grant is reported as an award in the filing.
- Shares owned after transaction: Not explicitly listed in the summary tables provided; filing notes beneficial ownership figures were adjusted for the 1-for-10 reverse split.
- Other holdings: Filing notes certain options are fully vested and exercisable (footnote F3), though no option transactions are reported here.
- Filing timeliness: Form 4 was filed on May 4, 2026 for transactions on Feb 25 and Mar 30; this is later than the standard two-business-day reporting window (i.e., a late filing).
Context
- These were awards (RSUs), not open-market purchases or sales; awards at $0 are common for RSU grants and do not by themselves indicate buying or selling sentiment.
- The Feb 25 RSUs vested April 1, so those units would convert to shares (subject to any withholding) on vesting; the filing does not show immediate sales or cashless exercises tied to these grants.