Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | UMAC | Common Stock | Award | $352K | +293K | $1.20 | 293K | Apr 30, 2024 | Direct | F1 |
Id | Content |
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F1 | On April 30, 2024, the Reporting Person was granted shares of restricted common stock under the Issuer's 2022 Equity Incentive Plan. On December 20, 2024, the Board of Directors of the Issuer approved extending the vesting date for the restricted common stock from January 2, 2025 to April 2, 2025. The original grant and the amendment were both approved by the Issuer's Board of Directors and was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The shares of restricted common stock vest as follows: 50% on the Transaction Date and 50% on April 2, 2025. The shares are subject to pro rata forfeiture from February 14, 2024 until February 14, 2025, in the event the Reporting Person is terminated or ends his services to the Issuer for any reason other than death or disability, as defined in the Internal Revenue Code. |