Director granted 9,868 RSUs at Z Squared Inc. (ZSQR)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper Kenneth Lyle reported acquisition or exercise transactions in this Form 4 filing.
Z Squared Inc. director Kenneth Lyle Cooper reported an award of 9,868 restricted stock units on April 27, 2026. The RSUs have a grant-date fair value of $150,000 and were issued under the company’s 2025 Incentive Compensation Plan and Non-Employee Director Compensation Program.
Each RSU represents one share of common stock and was granted at no cash cost to Cooper as part of his independent director compensation. The award vests in 36 equal monthly installments beginning April 27, 2026, contingent on his continued Board service, and his reported RSU holdings after the grant total 9,868 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cooper Kenneth Lyle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,868 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,868 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 9,868 units
Grant-date fair value: $150,000
Vesting term: 36 months
+3 more
6 metrics
RSUs granted
9,868 units
Initial independent director award on April 27, 2026
Grant-date fair value
$150,000
Value used to size RSU award
Vesting term
36 months
Equal monthly installments starting April 27, 2026
Underlying shares
9,868 shares
One common share per RSU upon vesting
Price per RSU
$0.00
No cash cost to reporting person for grant
Holdings after grant
9,868 RSUs
Total RSU position following this transaction
Key Terms
Restricted Stock Units, Independent Director Agreement, 2025 Incentive Compensation Plan, Non-Employee Director Compensation Program, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted an initial award of restricted stock units ("RSUs")"
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.
Independent Director Agreement financial
"entered into an Independent Director Agreement, pursuant to which the reporting person was granted"
2025 Incentive Compensation Plan financial
"The RSUs were granted pursuant to ... the issuer's 2025 Incentive Compensation Plan"
Non-Employee Director Compensation Program financial
"and Non-Employee Director Compensation Program"
grant-date fair value financial
"initial award of restricted stock units ("RSUs") having a grant-date fair value of $150,000"
FAQ
What did director Kenneth Lyle Cooper acquire in this COEP Form 4 filing?
Kenneth Lyle Cooper received an initial grant of 9,868 restricted stock units as director compensation. The grant represents a $150,000 award tied to the fair market value of Z Squared Inc. common stock on April 27, 2026, with no cash paid by him.
How was the number of RSUs for Kenneth Lyle Cooper’s COEP grant determined?
The 9,868 RSUs were calculated by dividing a $150,000 grant-date fair value by the fair market value of Z Squared Inc. common stock on April 27, 2026. The result was then rounded down to the nearest whole share for reporting purposes.
What is the vesting schedule for Kenneth Lyle Cooper’s RSUs reported for COEP?
The RSUs vest in 36 equal monthly installments starting April 27, 2026. Vesting is conditioned on Kenneth Lyle Cooper’s continued service on the Board through each monthly vesting date, spreading the compensation over a three-year period.