Kumar Rakhi 4

What Happened

• Director Rakhi Kumar (non-employee director) was issued 1,153 shares of NeuroPace common stock on 2026-03-20 at an implicit price of $13.00 per share, for a total value of $14,989. The transaction is coded as an award/grant (A) — shares were issued to satisfy director compensation.

Key Details

• Transaction date: 2026-03-20; filing date: 2026-03-23 (filing appears timely).
• Price per share: $13.00; total value: $14,989.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Transaction code: A (award/grant/acquisition).
• Footnote: F1 — Shares were issued pursuant to the issuer's non-employee director compensation policy in lieu of quarterly retainer fees.
• No 10b5-1 plan, tax-withholding sale, or option exercise involved.

Context

• This was a routine director compensation issuance rather than a market purchase or sale; such awards are common and typically reflect standard board pay practices rather than a direct bullish or bearish signal about the company.