Ramelli Joseph W. 4

What Happened

• Joseph W. Ramelli, Chief Financial Officer of Fabric.AI (FABC), was granted 50,000 derivative securities (stock options/awards) on 2026-06-18. The Form 4 reports the acquisition price as $0.00 per share, so the filing shows $0 total value for the grant. This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date and type: 2026-06-18 — Grant/Award (transaction code A).
• Amount and price: 50,000 derivative securities reported at $0.00 per share.
• Shares owned after transaction: The filing reports the 50,000 grant; total holdings after the grant are not otherwise disclosed in the provided record.
• Vesting note (from filing): 25% vested on grant date; 25% vests on June 30, 2026; 25% on Sept 30, 2026; 25% on Dec 31, 2026, subject to continued employment.
• Timeliness: Filing date equals transaction date (2026-06-18), indicating a timely report.

Context

• This was a compensation grant (derivative award) rather than an open-market purchase or sale. Because it’s a grant, it’s primarily a pay/retention event and not a direct signal of buying or selling by the insider.
• The grant vests in four tranches (one-quarter immediately, then three additional dates in 2026); options/awards must typically vest or be exercised before creating transferable shares or cash value.