Nauticus (KITT) Director William Flores Receives RSU Award

What Happened

• Director William Flores received 2,522 restricted stock units (RSUs) that vested and were converted into 2,522 shares of Nauticus Robotics common stock on May 27, 2026. The reported acquisition price is $0.00 (no cash paid). The Form 4 also reports the corresponding exercise/conversion of a derivative for the same 2,522 shares (transaction code M).

Key Details

• Transaction date: May 27, 2026. Form 4 filed: July 31, 2026 (filed late relative to the transaction date).
• Transactions reported: A (award/grant/acquisition) — 2,522 shares @ $0.00; M (exercise/conversion of derivative) — 2,522 shares @ $0.00.
• Reported dollar value: $0 (no cash exchanged in the reported transactions).
• Shares owned after transaction: not specified in the information provided here.
• Footnotes of note:
  • F1: Share amounts adjusted for a 1-for-36 reverse stock split effective April 21, 2026.
  • F2: Each RSU represents a contingent right to one share under the 2022 Omnibus Incentive Plan; vesting generally requires continued service.
  • F3: These RSUs vest on the earlier of May 27, 2026 or the date immediately prior to the company's 2026 annual meeting of stockholders.
• Filing timeliness: The Form 4 was filed more than two months after the May 27 transaction date (late filing). Late filings reduce the timeliness of the disclosure but do not change the reported transactions.

Context

• RSUs are awards that convert to shares when they vest; a $0.00 price is typical for vested RSUs (no cash purchase). The M code here represents the conversion/exercise of the derivative right (the RSU) into actual shares.
• This is an insider award/vesting event (not an open-market purchase or sale) and typically reflects compensation recognition rather than an independent market-driven purchase or sale.