Kantrowitz Ian 4

What Happened

• Ian Kantrowitz, a reported 10% owner of DYNAMIC AEROSPACE SYSTEMS Corp (BRQL), was granted 1,500,000 restricted stock units (RSUs) on December 12, 2025. The grant is reported at $0.00 per unit (no cash exchanged at grant). None of the RSUs had vested as of the Form 4 filing.
• The RSUs convert to one share of common stock each when settled; they do not represent immediate share ownership or sale proceeds.

Key Details

• Transaction date: December 12, 2025; Report filed: April 22, 2026 (filed late relative to the usual Section 16 reporting window).
• Award: 1,500,000 RSUs reported at $0.00 (grant/award code A).
• Vesting schedule (footnote): 10% vests on Dec 12, 2026; 30% on Dec 12, 2027; 60% on Dec 12, 2028.
• Settlement: When vested, RSUs will be settled in shares of common stock six months after each vesting date (per footnote).
• Shares owned after transaction: not specified in the provided filing extract.
• Filing timeliness: This Form 4 was filed roughly four months after the grant date, which is late under Section 16 reporting rules (filed after the typical 2-business-day window).

Context

• RSUs are a form of equity compensation (an award), not a purchase or sale — they indicate future potential share issuance if vesting conditions are met, not an immediate insider market view.
• As a 10% owner, this award meaningfully increases his potential future ownership stake if all RSUs vest and are settled, but settlement is delayed and subject to the vesting schedule.