Norwood Tiffany Ann 4
4 · Sidus Space Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Sidus Space (SIDU) Director Tiffany Norwood Receives RSU Award
What Happened
Tiffany Ann Norwood, a director of Sidus Space, was granted 19,288 restricted stock units (RSUs) on July 1, 2026. Of those, 2,047 RSUs vested immediately and converted into Class A common shares that same day; the remaining 17,241 RSUs vest on June 30, 2027. The reported grant and conversion show $0 cash paid — these are compensatory RSUs, not open‑market purchases or sales.
Key Details
- Transaction date: July 1, 2026. Report filed: July 10, 2026 (appears to be after the typical 2-business-day Form 4 deadline).
- Reported entries: 19,288 RSUs granted (A); 2,047 RSUs vested/converted to shares (reported as exercise/conversion M — both an “acquired” and corresponding “disposed” derivative entry). Price reported: $0.00.
- Shares after transaction: Filing does not state total Class A shares owned by Norwood after conversion. The filing reports the 2,047 vested RSUs converted to shares and 17,241 RSUs remain unvested until 6/30/2027.
- Footnotes: F1–F3 clarify these were RSUs (each equal to one share) and that 2,047 vested on grant while 17,241 vest on 6/30/2027. The “disposed” derivative entry reflects the termination/conversion of the RSU instrument on vesting, not a market sale.
Context
RSU grants to directors are a routine form of compensation and represent an award, not a direct buy or sell of stock; they become actual shares when they vest/convert. Because no cash changed hands and no open‑market sale occurred, this filing signals compensation realization rather than an insider purchase or a sale for liquidity. The later filing date may be relevant for investors tracking timely insider disclosures.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-07-01+2,047→ 2,047 total - Award
Restricted Stock Units
[F2][F3]2026-07-01+19,288→ 19,288 total→ Class A Common Stock (19,288 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-07-01−2,047→ 17,241 total→ Class A Common Stock (2,047 underlying)
Footnotes (3)
- [F1]Represents the conversion upon vesting of restricted stock units (RSUs) into Class A Common Stock. On July 1, 2026, the reporting person was granted 19,288 RSUs, of which 2,047 vested upon the date of grant and 17,241 vest on June 30, 2027. The vested RSUs which converted on July 1, 2026 are reported in Table II on this Form 4.
- [F2]Each restricted stock unit is the economic equivalent of one share of Sidus Space, Inc.'s Class A Common Stock.
- [F3]On July 1, 2026, the reporting person was granted 19,288 RSUs, of which 2,047 vested upon the date of grant and 17,241 vest on June 30, 2027. The vested RSUs which converted on July 1, 2026 are reported in Table II on this Form 4.