Cardlytics (CDLX) Chief Legal & Privacy Officer Cheng Receives 50,000 RSUs

What Happened

• Cheng Christopher Chi-Kit, Cardlytics' Chief Legal & Privacy Officer, was granted 50,000 restricted stock units (RSUs) on August 3, 2026. The award was recorded at $0.00 per share (derivative grant); no cash was exchanged. Each RSU represents a contingent right to one share of Cardlytics common stock upon vesting.

Key Details

• Transaction date: 2026-08-03; Form 4 filed: 2026-08-04 (timely filing).
• Grant type: Award/Acquisition (RSUs), 50,000 units, reported at $0.00.
• Vesting schedule (per filing): 25,000 RSUs vest on Sept 1, 2027; the remaining 25,000 vest quarterly over the subsequent 12 months, contingent on continued employment.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 = each RSU converts to one share on vesting; F2 = 24-month vesting schedule described above.
• No indication of tax withholding, sale, or 10b5-1 plan in the disclosed transaction.

Context

• RSU grants are compensation, not open-market purchases or sales; they do not reflect an immediate purchase or sale of stock. Shares will only be issued (and become tradable) as the RSUs vest per the schedule and any applicable withholding rules. This is a routine executive compensation grant rather than an active market trade.