Chaudhary Rajeev Kumar 4

What Happened
Rajeev Chaudhary, a director of Northpointe Bancshares, was granted 2,606 restricted stock units (RSUs) on May 13, 2026. The grant was reported as a derivative award at a $0 acquisition price (no cash paid at grant). RSUs convert into common shares on a one-for-one basis upon vesting.

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-06-17 (filed 35 days after the transaction — appears later than the typical 2-business-day reporting window).
• Transaction type/code: Award/Grant (A), derivative award (RSUs).
• Amount: 2,606 RSUs; reported acquisition price: $0. Total cash value at grant not reported on the Form 4.
• Vesting: RSUs vest in three approximately equal annual installments on May 13 of 2027, 2028 and 2029 (converts 1:1 to common shares) — per footnotes.
• Shares owned after transaction: not specified in the information provided in this summary.

Context

• This was a compensation/award grant, not an open-market purchase or sale, so it reflects company compensation policy rather than an immediate personal investment decision.
• Because RSUs are derivative awards, they only become common stock as they vest; there is no immediate increase in tradable shares until vesting occurs.
• The later filing date may be material for timing/insider‑reporting considerations; it does not change the nature of the award itself.