Corbett Eric 4
Research Summary
AI-generated summary
MMA Director Eric Corbett Receives 50,000 RSU Award
What Happened
- Eric Corbett, a director of Mixed Martial Arts Group Limited (MMA), was granted 50,000 Restricted Stock Units (RSUs) on May 8, 2026. The grant has an acquisition price of $0.00 (a standard award, not a purchase), and each RSU converts into one ordinary share upon vesting. The RSUs vest in full on April 30, 2027, subject to his continued service.
Key Details
- Transaction type/date: Award (code A) on 2026-05-08; Form 4 filed 2026-05-11 (Accession 0001493152-26-022353).
- Quantity/price: 50,000 RSUs; $0.00 per unit (no cash paid); total cash value at grant reported as $0.
- Vesting: All RSUs vest on 2027-04-30, contingent on continued service.
- Ownership/holding: RSUs are derivative awards that convert 1:1 to ordinary shares on vesting. The filing notes holdings are held indirectly via 1001038342 ONTARIO INC.; Corbett has 100% ownership and is sole director of that entity (footnote F2).
- Filing timeliness: Grant dated May 8, 2026; Form 4 filed May 11, 2026 — appears to have been filed promptly under normal Form 4 timing rules.
- Shares owned after transaction: The filing does not state a total ordinary-share ownership figure post-grant (the award itself is in RSUs).
Context
- This was an equity award (compensation), not an open-market buy or sale; such grants are common for directors and typically reflect compensation or retention incentives. The RSUs are a derivative grant that only become actual shares if and when they vest.