Tolia Sanjay 4

What Happened Sanjay Tolia, a director of RYTHM, Inc. (RYM), was granted 6,500 restricted stock units (RSUs) on 2026-06-16. The Form 4 reports an acquisition price of $0.00 per share (no cash paid at grant). This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (two days after the transaction).
• Grant: 6,500 RSUs at $0.00 reported; no cash value shown on the Form 4 (market value at grant not reported here).
• Shares owned after transaction: not specified in this filing.
• Footnote: RSUs granted under the issuer’s 2022 Omnibus Equity Incentive Plan; 100% of the RSUs vest on the earlier of (i) one year after grant or (ii) the next annual stockholders’ meeting, subject to the reporting person’s continuous service through vesting.
• Filing timeliness: filed two days after the transaction (Form 4 is typically due within two business days).

Context Restricted stock units are a form of deferred equity compensation that convert to shares (or cash equivalent) only upon vesting; they involve no immediate market purchase or sale. Such awards are common for directors and executives as part of pay and do not by themselves indicate a change in the insider’s view of the company. When the RSUs vest, the director will receive shares subject to plan terms and any applicable tax withholding.