RIGNEY SHANNON LEE 4

What Happened

• Shannon L. Rigney, listed as a 10% owner of Dynamic Aerospace Systems Corp (BRQL), was granted 1,500,000 restricted stock units (RSUs) on December 12, 2025. The RSUs were reported as acquired at $0.00 (no cash exchanged at grant). This is an equity award (grant), not a market purchase or sale.

Key Details

• Transaction type: Award/Grant (Form 4 code A).
• Grant date: 2025-12-12; Filing date: 2026-04-22 (filed ~4 months after the grant).
• Shares/units granted: 1,500,000 RSUs; reported acquisition price: $0.00.
• Vesting schedule (footnote): 10% vests 12/12/2026; 30% vests 12/12/2027; remaining 60% vests 12/12/2028.
• Settlement: Each RSU represents a contingent right to one share; when vested, RSUs will be settled in shares six months after each vesting date.
• Vesting status: None of the RSUs had vested as of the Form 4 filing.
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filing was late relative to the trade date (reported ~4 months after grant).

Context

• This is a grant of contingent RSUs (not immediate stock). No cash changed hands at grant; future share issuance depends on vesting and will be delivered six months after each vest date. As a 10% owner, Rigney is a significant holder—this is an equity compensation event, not an open-market buy or sale that directly signals immediate market activity.