Rickel John C 4
Research Summary
AI-generated summary
RideNow (RDNW) Director John C. Rickel Receives 12,903 RSUs
What Happened
- John C. Rickel, a director of RideNow Group, Inc. (RDNW), was granted 12,903 restricted stock units (RSUs) on June 4, 2026. The filing shows an acquisition price of $0.00, meaning this was a compensation award rather than a market purchase. The reported dollar value at grant is $0 on the Form 4 because each unit is a contingent right to receive one share upon vesting.
Key Details
- Transaction date: 2026-06-04. Form filed: 2026-06-08 (timely).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 12,903 RSUs; acquisition price: $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote: The RSUs represent an annual award and will vest and convert to one share of the issuer’s Class B common stock on the earlier of (i) the day before the first annual meeting after the grant or (ii) June 4, 2027.
Context
- These RSUs are a standard equity compensation award for insiders and do not represent an open-market purchase or sale. They are contingent rights that convert to shares only upon vesting, so there is no immediate cash flow or sale associated with this transaction.