Hoff Brian Joseph 4
Research Summary
AI-generated summary
Unusual Machines (UMAC) CFO Brian Hoff Receives 110,000-Share Award
What Happened
Brian Joseph Hoff, Chief Financial Officer of Unusual Machines, was granted 110,000 shares of restricted common stock on 2026-01-23. The shares were granted at $0.00 (no cash paid) under the company's 2022 Equity Incentive Plan; the grant value at issuance is $0 for purchase price purposes. This was a grant/award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-01-23; grant price reported as $0.00 for 110,000 restricted shares.
- Vesting: Shares vest in four equal installments on 2026-03-15, 2026-05-20, 2026-08-19 and 2026-11-19, subject to continued service.
- Plan and approval: Granted under the Issuer's 2022 Equity Incentive Plan and expressly approved by the Board; exempt from Section 16(b) under Rule 16b-3 per the filing footnote.
- Shares owned after the transaction: Not specified in the Form 4 filing.
- Filing timeliness: Form 4 was filed 2026-01-27 for a 2026-01-23 transaction; Form 4s are generally due within two business days, so this filing appears to have been submitted after that typical window.
Context
Restricted stock awards are compensation that vest over time and typically signal retention incentives rather than an immediate market view; they are not purchases that imply an out-of-pocket investment at grant. Rule 16b-3 approval means the grant is exempt from short-swing profit recovery under Section 16(b). As with all insider grants, the eventual economic interest depends on vesting and any future sales or exercises.