Torpey Daniel Thomas 4

What Happened
Daniel Thomas Torpey, a director of MDB Capital Holdings, LLC (MDBH), received a grant of 100,000 restricted stock units (RSUs) on June 17, 2024. The Form 4 records this as an award/derivative transaction (code A) with an acquisition price of $0.00 — i.e., no cash paid. The RSUs represent a future right to receive common shares as they vest; the filing does not report an immediate cash value.

Key Details

• Transaction date: 2024-06-17
• Transaction type/code: Award/Grant (A) — derivative (RSUs)
• Quantity: 100,000 RSUs
• Reported price: $0.00 (no purchase price)
• Vesting: Footnote F1 — vests on multiple dates between June 17, 2024 and June 17, 2029
• Shares owned after transaction: not specified in the Form 4 filing
• Filing date: Form 4 filed 2026-05-08 (filed ~23 months after the transaction) — the filing appears late

Context
RSUs are compensation that convert into actual shares only as they vest; they are not an immediate purchase or sale and do not necessarily signal a bullish or bearish view. This transaction is a director compensation grant. Note the late filing: delayed reporting can occur for various reasons, but timely Form 4 disclosures are generally preferred by investors for transparency.