908 Devices (MASS) Director Brandi Vann Converts RSUs; Shares Surrendered
$MASS · 908 Devices Inc.Research Summary
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908 Devices (MASS) Director Brandi Vann Converts RSUs; Shares Surrendered
What Happened
Brandi C. Vann, a director of 908 Devices, converted 5,192 restricted stock units (RSUs) into 5,192 shares on August 1, 2026 (transaction code M). The filing also reports an immediate disposition of 5,192 shares at $0.00 per share, yielding no cash proceeds in this reported transaction. This was not a purchase of stock; it reflects a conversion/settlement event rather than a market sale for cash.
Key Details
- Transaction date: 2026-08-01; Form 4 filed: 2026-08-03 (filed within the typical 2-business-day window).
- Conversion: 5,192 RSUs → 5,192 common shares (reported as acquired by conversion).
- Disposition: 5,192 shares disposed at $0.00 (reported as disposed; no cash received).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes:
- F1: Each RSU converts to one share of common stock when vested.
- F2/F3: These RSUs vest in substantially equal annual installments over the 3 years following August 1, 2025, subject to continued service; proration applies if service terminates. RSUs have no expiration date.
Context
Form 4 conversions of RSUs followed by a $0 disposal frequently reflect net settlement or share withholding to satisfy tax or other withholding obligations; the filing itself does not state the reason. Such conversion/withholding transactions are routine for equity awards and do not necessarily indicate a director’s buy or sell sentiment.