GIORDANO SEBASTIAN 4
Research Summary
AI-generated summary
Fabric.AI (FABC) Director Sebastian Giordano Receives Award
What Happened
Sebastian Giordano, a director of Fabric.AI, received a grant of 45,042 derivative awards (reported on Form 4 as an award/grant) on June 18, 2026. The filing lists a $0.00 price and reports $0 total value for the transaction; this is a compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-06-18; transaction type: Award/Grant (code A).
- Amount granted: 45,042 derivative shares (stock option/award), reported price $0.00; total reported value $0.
- Vesting (footnote F1): 25% vested on grant date; remaining 25% vest on June 30, 2026; 25% on September 30, 2026; and 25% on December 31, 2026, conditioned on continued service.
- Shares owned after the transaction: Not disclosed in this filing.
- Filing timeliness: Reported on 2026-06-18 for a 2026-06-18 transaction (no late filing indicated).
Context
This filing records a derivative compensation award (common for executives and directors) rather than a market buy or sell. Derivative awards typically require vesting and later exercise to become common shares; the Form 4 here reports the grant and vesting schedule but does not show an exercise price or any immediate sale of shares. Compensation grants do not by themselves indicate buying/selling sentiment.