Otitoju Kolawole A. 4
Research Summary
AI-generated summary
908 Devices (MASS) Chief Bus. & Strategy Officer Otitoju Receives Award
What Happened
- Otitoju Kolawole A., Chief Business & Strategy Officer of 908 Devices (MASS), was granted two equity awards on 2026-04-21 totaling 256,982 derivative shares: 146,789 shares (derivative option) and 110,193 restricted stock units (RSUs). Both grants show an acquisition price of $0.00 in the filing (i.e., they are awards/derivatives, not cash purchases).
Key Details
- Transaction date: 2026-04-21; Form 4 filed 2026-04-22 (timely filing).
- Award amounts and reported price: 146,789 derivative shares @ $0.00; 110,193 derivative shares (RSUs) @ $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: The 146,789 grant appears to be an option with vesting: one-third vests on May 1, 2027; remaining two-thirds vest in substantially equal monthly installments over the following 24 months, subject to continued service.
- F2/F3: The 110,193 RSUs each convert to one share when vested; they vest in three substantially equal annual installments on the anniversaries following May 1, 2026 and have no expiration date.
- No sales or exercises reported; these are grant/award transactions (code A), not immediate cashless exercises or open-market trades.
Context
- These are compensation-related awards, not purchases or sales—so they reflect company equity compensation rather than a direct market sentiment signal. The option grant has a multi-year vesting schedule; the RSUs vest annually over three years. No immediate disposition of shares was reported.