Pangalos Menelas N 4
4 · Absci Corp · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Absci (ABSI) Director Pangalos Menelas Receives RSU Award
What Happened Pangalos Menelas, a director of Absci Corporation (ABSI), was granted a total of 49,900 equity awards on June 4, 2026: 10,100 shares reported as RSUs and 39,800 reported as derivative awards. Both grants were issued at a $0 per-share acquisition price (total reported value $0) and are awards rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-04; Form 4 filed 2026-06-08 (filed within the usual 2-business-day window).
- Grants: 10,100 RSUs + 39,800 derivative award units = 49,900 total.
- Price: $0.00 per share (awards; no cash paid).
- Shares owned after transaction: not specified in this Form 4.
- Footnotes:
- F1: The reported shares are Restricted Stock Units (RSUs) under Absci’s 2021 Stock Option and Incentive Plan; each RSU represents the right to receive one share.
- F2: The awards vest (or options become exercisable) in full on the earlier of (i) the first anniversary of the grant or (ii) the issuer’s next annual meeting, subject to the reporting person’s continuous service through that date.
Context These were equity awards (not a market purchase or exercise-for-cash). RSUs convert to actual shares only upon vesting and settlement, so no new voting shares or sales occurred at grant. Grants to directors are commonly used for compensation and retention and do not by themselves indicate immediate buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-04+10,100→ 242,408 total - Award
Stock Option (right to buy)
[F2]2026-06-04+39,800→ 39,800 totalExercise: $7.34Exp: 2036-06-03→ Common Stock (39,800 underlying)
Footnotes (2)
- [F1]The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest and be settled in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service to the Issuer through such date.
- [F2]The shares subject to this option vest and become exercisable in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service to the Issuer through such date.