NeurAxis (NRXS) CEO Brian Carrico Receives RSU Award, Net 199,188

What Happened

• Brian Allen Carrico, CEO of NeurAxis, was granted/received 320,000 restricted stock units (RSUs) that vested on 2026-08-24. Of those, 120,812 shares were withheld by the company to satisfy income tax withholding, leaving 199,188 net shares issued to Carrico.
• The Form 4 also reports conversion/disposition of 320,000 derivative shares, one conversion recorded at $6.94 per share for total proceeds of $2,220,800. Footnotes explain that certain stock options from a prior plan were canceled and converted into RSUs that vested immediately.

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-08-26 (reporting period 2026-08-24).
• Awards/grants: 320,000 RSUs granted and vested; 199,188 shares issued net of 120,812 withheld for taxes.
• Reported cash amount: $2,220,800 recorded for a conversion of 320,000 derivative shares at $6.94.
• Footnotes: F1 confirms 320,000 RSUs granted/vested and 120,812 shares withheld for tax remittance. F2 explains prior stock options were canceled and exchanged for RSUs that vested immediately.
• Shares owned after the transaction are not specified in the provided excerpt.
• No late filing flag noted in the provided data.

Context

• This was primarily an award/vesting event (receipt of RSUs) rather than an open-market purchase or sale by the insider; tax withholding on vested RSUs is a routine administrative step and does not by itself indicate bullish or bearish intent.
• The filing includes derivative conversions and an option-cancellation-to-RSU exchange; in plain terms, previously granted options were converted into RSUs which vested, triggering share issuance and withholding.