Blank Matthew 4
Research Summary
AI-generated summary
CuriosityStream (CURI) Director Matthew Blank Converts RSUs, Receives Grant
What Happened
- Matthew Blank, a director of CuriosityStream, had 37,000 restricted stock units (RSUs) vest on Feb 4, 2026; those RSUs converted one‑for‑one into shares of common stock. The conversion and related entries were reported at $0.00 (non‑cash). On the same date he was granted 18,049 additional RSUs under the company’s 2020 Omnibus Incentive Plan; those awards are also reported at $0.00 and will vest on Feb 4, 2027.
- These events are not open‑market purchases or sales — they are a vesting/conversion of previously awarded RSUs and the issuance of new RSUs. The filing shows no cash changing hands for these transactions.
Key Details
- Transaction date: Feb 4, 2026; Form 4 filed Feb 6, 2026 (filed two business days after the transactions).
- Reported prices: $0.00 for the RSU conversion and $0.00 for the RSU grant (conversion/award transactions report no cash price; market value of resulting shares is not reported on Form 4).
- Shares involved: 37,000 RSUs vested and converted to common stock; 18,049 RSUs newly granted (vests Feb 4, 2027; settlement upon vesting or within 30 days).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 confirms the 37,000 RSUs vested and converted one‑for‑one; F2 confirms the 18,049 RSUs were newly granted and vest in one year.
- Transaction codes: A = Award/Grant; M = conversion/exercise of a derivative (here, RSU conversion). No 10b5‑1 or tax‑withholding notes were disclosed.
Context
- RSU vesting/conversion is typically a non‑cash corporate action: restricted units convert into common shares when vesting conditions are met. This filing does not show an immediate sale of the converted shares (i.e., not a cashless exercise followed by sale).
- Such internal awards and conversions are routine compensation-related events and do not alone indicate the insider’s view on the company’s stock.