Varier Krishnan 4

What Happened

• Varier Krishnan, a director of RYTHM, Inc. (RYM), received an award of 5,000 restricted stock units (RSUs) on 2026-06-16. The reported acquisition price is $0.00 (award), so no cash changed hands at grant. This is a grant/award (not a market purchase or sale) and does not by itself provide immediate proceeds.

Key Details

• Transaction date: 2026-06-16; reported on Form 4 filed 2026-06-18 (appears timely under Form 4 reporting rules).
• Transaction type/code: A — Award/Grant of 5,000 RSUs at $0.00 (no purchase price).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Vesting: Per footnote, 100% of the RSUs vest on the earlier of (i) one year after the grant or (ii) the next annual stockholder meeting, subject to Krishnan’s continued service through the vesting date.
• Tax/withholding: No tax withholding or net-share settlement noted in the provided data.

Context

• RSU grants are compensation awards that convert to shares only upon vesting; they are not immediate purchases or sales and thus do not by themselves signal a buy/sell decision. Any change in beneficial ownership and potential sale would occur only after vesting and settlement (and would be reported separately).