Key facts
- This page summarizes David L. Fischel's Form 4 filing for Stereotaxis, Inc. (STXS).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 20 May 2021, 16:15.
David L. Fischel - 20 May 2021 Form 4 Insider Report for Stereotaxis, Inc. (STXS)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- STXS
- Reported as of
- 20 May 2021
- Net transaction value
- $0
- Reporting owner signature
- /s/ Kimberly R. Peery, Attorney-in-Fact, for David L. Fischel
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
David L. Fischel filed Form 4 for Stereotaxis, Inc. (STXS) on 20 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
STXS
transaction
Derivative
Performance share units
Award
- Transaction value
- $0
- Shares
- +13,000,000
- Change %
- Price
- $0.000000
- Shares after
- 13,000,000
- Date
- 20 May 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 13,000,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Each performance share unit represents a contingent right to receive one share of the Issuer's common stock.
Footnote F2
On February 23, 2021, the Issuer's board of directors, based upon the recommendation of the Compensation Committee, granted the reporting person a performance share unit award of up to 13,000,000 shares of common stock (the "Award"), subject to stockholder approval of the issuance of the shares under the Award. The Issuer's stockholders approved the issuance of the shares under the Award on May 20, 2021.
Footnote F3
The Award consists of ten tranches which vest based on the attainment of market capitalization milestones, and subject to the reporting person continuing to serve as the Chief Executive Officer, Executive Chairman or such other mutually agreed upon significant role with the Issuer from the grant date through December 31, 2030, all subject to the exceptions set forth in the Award agreement. The market capitalization milestones are subject to adjustment following certain acquisitions and spin-off transactions by the Issuer, and the number of shares subject to the Award shall be adjusted following stock splits, stock dividends, combinations or reclassifications of shares, recapitalization, consolidation, split-up, merger, or similar transactions. The service component of the award will be waived upon the occurrence of certain events in set forth in the Award agreement. The Award agreement has been filed as an exhibit to the Company's filings with the Securities and Exchange Commission.