Zilis Michael 4
Research Summary
AI-generated summary
Veritone (VERI) Director Michael Zilis Receives RSU Award
What Happened
- Michael Zilis, a director of Veritone, Inc. (VERI), was granted two restricted stock unit (RSU) awards on July 7, 2026 totaling 240,000 RSUs (120,000 + 120,000). Each grant was reported at $0.00 per share (no cash paid). These RSUs are awards/compensation (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: July 7, 2026; filing date: July 9, 2026 (Form 4 accession 0001579561-26-000004).
- Reported price: $0.00 per share; total RSUs granted: 240,000.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes:
- F1: 120,000 RSUs vest on the earlier of July 7, 2027 or the day before the issuer's 2027 annual meeting.
- F2: 120,000 RSUs vest 50% on the earlier of July 7, 2027 or the day before the 2027 annual meeting and 50% on March 14, 2028.
- Timeliness: Filed July 9, 2026 for a July 7, 2026 grant — reported within the usual 2-business-day Form 4 window.
Context
- RSUs are not immediate share ownership; they represent the right to receive common stock upon satisfying vesting conditions. These awards are typical director compensation and do not by themselves indicate an open-market purchase or sale.