Penn Andrew Richard 4
4 · SharonAI Holdings Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
SharonAI (SHAZ) Director Andrew Penn Receives RSU Award
What Happened Andrew Penn, a director of SharonAI Holdings Inc. (SHAZ), received two restricted stock unit (RSU) awards on 2026-05-22: 40,000 RSUs and 6,944 RSUs, each granted at $0.00 (derivative awards with no immediate cash value). The combined award equals 46,944 RSUs — contingent rights to receive shares (or cash equivalent) in the future rather than current share purchases.
Key Details
- Transaction date: 2026-05-22; Grant type: Award/Grant (code A); Price: $0.00 per RSU.
- Total RSUs granted: 40,000 + 6,944 = 46,944 RSUs. Reported as derivative awards (not immediate shares).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Vesting: per footnotes — one grant vests in three equal installments at 12, 24 and 36 months (F2); the other vests in twelve equal monthly installments over 12 months (F3). Each RSU represents a contingent right to one Class A share or its cash equivalent (F1).
- Filing timeliness: Reported on the transaction date (filed 2026-05-22); no late-filing flag noted.
Context These are compensation awards (RSUs) rather than open-market purchases or sales. RSUs are derivatives that convert to actual shares or cash only after vesting, so they do not convey current voting rights or saleable shares until settlement. Such grants are common for executive/director compensation and should be interpreted as part of pay, not an immediate personal investment signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-05-22+40,000→ 40,000 total→ Class A Ordinary Common Stock (40,000 underlying) - Award
Restricted Stock Units
[F1][F3]2026-05-22+6,944→ 46,944 total→ Class A Ordinary Common Stock (6,944 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of SHAZ Class A Ordinary Common Stock and/or the cash equivalent of such share.
- [F2]The restricted stock units will vest in three equal installments, with one-third vesting on each of the 12-month, 24-month, and 36-month anniversaries of the date of grant.
- [F3]The restricted stock units will vest in twelve equal monthly installments over the twelve-month period following the date of grant.