Hoffman David L. 4
4 · DELCATH SYSTEMS, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Delcath (DCTH) GC David Hoffman Receives Equity Awards
What Happened
David L. Hoffman, General Counsel, Chief Compliance Officer and Secretary of Delcath Systems, Inc. (DCTH), received equity awards on February 17, 2026: a derivative option award for 56,500 shares (granted at $0.00) and 28,250 restricted stock units (RSUs) (granted at $0.00). Together these awards total 84,750 underlying shares awarded; they are grants (compensation awards), not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely filing).
- Option award: 56,500 shares, acquisition price $0.00; vests/exercisable at 1/36th per month beginning Feb 17, 2026 (see footnote F1).
- RSU award: 28,250 RSUs (each RSU = contingent right to one share), acquisition price $0.00. Vesting: 1/3 vests Feb 17, 2027; remaining 2/3 vest in equal annual installments over the next two years, subject to continued service (footnotes F2, F3).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed the next day (appears timely); no 10b5-1 plan, tax withholding, or sale reported in this filing.
Context
These are compensation grants: the option is a derivative award that vests over time rather than an immediate stock purchase, and RSUs convert to actual shares only as they vest and subject to continued employment. Such grants are common for executive compensation and do not by themselves indicate immediate buying or selling in the open market.
Insider Transaction Report
- Award
Stock Option (Right to Buy)
[F1]2026-02-17+56,500→ 56,500 totalExercise: $9.40Exp: 2036-02-17→ Common Stock (56,500 underlying) - Award
Restricted Stock Units
[F2][F3]2026-02-17+28,250→ 28,250 total→ Common Stock (28,250 underlying)
Footnotes (3)
- [F1]The option will vest and become exercisable at the rate of one-thirty-sixth (1/36th) per month with the first such vesting to occur on February 17, 2026 and monthly thereafter for so long as the reporting person remains an employee of Delcath Systems, Inc. (and subject to the terms and conditions of the Delcath Systems, Inc. 2020 Omnibus Equity Incentive Plan, as amended).
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- [F3]Represents an RSU award, one-third of which shall vest on February 17, 2027 with the remaining 2/3 two-thirds of the RSUs vesting in equal annual installments over the following two years. The vesting of the RSUs is subject to the Reporting Person's continuous service through each such vesting date.