Enzendorfer Thomas 4
4 · NeoVolta Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
NeoVolta (NEOV) CTO Thomas Enzendorfer Converts 75,000 RSUs
What Happened
Thomas Enzendorfer, Chief Technology Officer of NeoVolta Inc. (NEOV), converted a total of 75,000 restricted stock units (two tranches of 37,500 each) into common shares on March 19, 2026. The filing reports these as exercise/conversion of a derivative (code M); no per-share price or total dollar value is reported. This was a compensation-related settlement (vesting/conversion), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-19. Form 4 filed: 2026-03-23 (appears to be later than the typical 2-business-day filing window).
- Shares converted/acquired: 37,500 + 37,500 = 75,000 shares. Reported price/value: N/A (not reported).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes:
- F1: Each restricted stock unit (RSU) represents the right to one share.
- F2: On Oct 1, 2025, Enzendorfer was granted 450,000 RSUs vesting in 12 equal quarterly installments (37,500 per quarter).
- F3: Award issued in connection with employment.
- Transaction type: derivative conversion/settlement (code M) — no immediate sale reported.
Context
This appears to be the scheduled vesting/settlement of RSUs granted as compensation rather than a market trade; such conversions are neutral from a "buy vs sell" sentiment perspective because they reflect compensation vesting. Based on the grant size in footnote F2 (450,000 RSUs), converting 75,000 shares would leave approximately 375,000 RSUs remaining to vest under that award. The late filing (if confirmed) is an administrative matter and does not by itself indicate insider intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-19+37,500→ 37,500 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F2]2026-03-19+37,500→ 412,500 total→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Company common stock.
- [F2]On October 1, 2025, the reporting person was issued a restricted stock unit award for 450,000 shares of Company common stock that vests in twelve equal quarterly installments over a three-year period, subject to the grantee's continued service to the Company on each vesting date.
- [F3]Issued in connection with the reporting person's employment with the Company.