Maric Miran 4
Research Summary
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RideNow Group (RDNW) Director Maric Miran Receives Award
What Happened
Maric Miran, a director of RideNow Group, Inc. (RDNW), was granted an award of 39,675 restricted stock units (RSUs) on June 4, 2026. The Form 4 lists the transaction as an acquisition at $0.00 per unit (total $0 reported), reflecting an equity grant rather than a market purchase. The award consists of vested and future-vesting RSUs that represent contingent rights to receive one share of the company’s Class B common stock upon settlement.
Key Details
- Transaction date: 2026-06-04; Filing date: 2026-06-08 (timely under the two-business-day rule).
- Grant reported: 39,675 RSUs at $0.00 (reported value $0).
- Footnote: Award comprises (i) 26,772 fully vested RSUs and (ii) 12,903 RSUs that will vest on the earlier of the day before the first annual meeting after the grant or June 4, 2027. Each RSU converts to one share of Class B common stock upon settlement.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Transaction code: A = Award/Grant (not a purchase or sale); no 10b5-1 or tax-withholding details noted in the excerpt.
Context: This was an equity compensation grant, not a cash purchase or sale. RSUs generally convert into actual shares only upon vesting/settlement, so this grant does not indicate an immediate change in tradable share holdings. The Form 4 reports the grant price as $0.00 because it was an awarded grant; the economic value to the holder depends on the company’s share price when RSUs settle.