Vingo Jon Patrick Jr. 4

What Happened Vingo Jon Patrick Jr., Chief Development Officer of Black Rock Coffee Bar, was granted equity awards on 2026-05-14. The Form 4 reports (1) 52,374 restricted stock units (RSUs) and (2) a 95,240-share derivative award recorded at $0.00. Both grants are reported as acquisitions (award/grant), not open-market purchases or sales, and therefore represent compensation rather than an outright purchase or sale of shares.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (timely filing).
• Award 1: 52,374 RSUs (reported price N/A). Footnote F1: each RSU is a contingent right to one share and vests in substantially three equal annual installments beginning May 14, 2027.
• Award 2: 95,240-share derivative award shown at $0.00 (reported value $0). Footnote F2: stock option vests in full on May 14, 2029.
• Shares owned after the transactions: not specified in the provided filing details.
• Transaction code: A (award/grant/acquisition). No sale or purchase codes (S/P) were reported.

Context

• RSUs: a contingent right to receive shares if vesting conditions are met; no immediate shares or cash received until vesting/settlement.
• Derivative award/option: vests in full on 5/14/2029 per the filing; the Form 4 shows $0.00 for the award amount as reported and does not indicate an immediate cash outlay or share sale.
• Interpretation: these are compensation awards and are routine for executives; they do not by themselves signal a purchase-driven bullish bet by the insider.