Unaccepted RSU grant corrected for Bioventus (NASDAQ: BVS) director
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Cowdy Philip G. reported acquisition or exercise transactions in this Form 4 filing.
Bioventus Inc. filed an amended insider report for director Philip G. Cowdy to correct a previously reported grant of 2,700 Restricted Stock Units dated April 1, 2021. A footnote explains the earlier Form 4 was filed inadvertently for RSUs that were not accepted, and that as of April 1, 2021, Cowdy held no non-derivative or derivative securities of Bioventus.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cowdy Philip G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,700 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- On April 5, 2021, the Issuer inadvertently filed a Form 4 reporting a grant of restricted stock units that were not accepted by the Reporting Person. As of April 1, 2021, the Reporting Person held no non-derivative or derivative securities of the Issuer. None.
Key Figures
Reported RSU grant: 2,700 units
RSU grant price: $0.0000 per unit
Shares after transaction: 0 shares
3 metrics
Reported RSU grant
2,700 units
Restricted Stock Units tied to Class A Common Stock, April 1, 2021
RSU grant price
$0.0000 per unit
Transaction price per Restricted Stock Unit for the reported grant
Shares after transaction
0 shares
Total securities held following the corrected transaction as of April 1, 2021
Key Terms
Restricted Stock Units, Form 4, non-derivative, derivative securities
4 terms
Restricted Stock Units financial
"reporting a grant of restricted stock units that were not accepted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"the Issuer inadvertently filed a Form 4 reporting a grant"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"held no non-derivative or derivative securities of the Issuer"
derivative securities financial
"held no non-derivative or derivative securities of the Issuer"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
FAQ
What does the Bioventus (BVS) Form 4/A for Philip G. Cowdy correct?
The Form 4/A corrects an earlier filing that mistakenly reported a grant of 2,700 Restricted Stock Units. A footnote states the RSUs were not accepted and clarifies that, as of April 1, 2021, Cowdy held no Bioventus securities.
How many Bioventus (BVS) Restricted Stock Units were originally reported for Philip G. Cowdy?
The original filing reported a grant of 2,700 Restricted Stock Units tied to Bioventus Class A Common Stock. The amendment explains this grant was reported inadvertently and was not accepted, so it did not result in any actual holdings.
What transaction type is shown in the Bioventus (BVS) Form 4/A for Philip G. Cowdy?
The Form 4/A lists a derivative transaction coded "A" as a grant or award of 2,700 Restricted Stock Units. However, a footnote specifies that this grant was inadvertently reported and was not accepted, so it did not create an actual position.
Why is the Bioventus (BVS) Form 4/A labeled as an amendment?
It is an amendment because Bioventus previously filed a Form 4 on April 5, 2021, that incorrectly reported a Restricted Stock Unit grant. The amendment clarifies the grant was not accepted and that Cowdy had no Bioventus securities as of April 1, 2021.