NETSOL (NTWK) CEO receives 14,943-share equity award, holds 951,945 total
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GHAURI NAJEEB reported acquisition or exercise transactions in this Form 4 filing.
NETSOL Technologies CEO Najeeb Ghauri received a grant of 14,943 shares of common stock as compensation for services rendered. The shares were awarded at a price of $0.00 per share, indicating a non-cash equity award rather than an open-market purchase or sale.
Following this grant, Ghauri beneficially owns a total of 951,945 shares of NETSOL Technologies common stock. Of this total amount, 15,000 shares are held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GHAURI NAJEEB
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,943 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 951,945 shares (Direct)
Footnotes (1)
- Issued as compensation for services rendered. Of total amount of securities held, 15,000 are held indirectly by spouse.
FAQ
What did NETSOL Technologies (NTWK) CEO report in this Form 4 filing?
NETSOL Technologies CEO Najeeb Ghauri reported receiving 14,943 shares of common stock as a grant. The award was issued as compensation for services rendered, with a stated price of $0.00 per share, indicating a non-cash equity compensation transaction.
Was the NETSOL Technologies (NTWK) CEO’s Form 4 transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was coded as an acquisition by grant or award, with 14,943 shares issued at $0.00 per share as compensation for services, rather than through open-market trading activity.
How are the spouse’s holdings reflected in the NETSOL Technologies (NTWK) Form 4?
The Form 4 states that of the total securities held by CEO Najeeb Ghauri, 15,000 shares are held indirectly by his spouse. These shares are included in the reported 951,945 total beneficial ownership figure after the compensation grant.
What does transaction code “A” mean in the NETSOL Technologies (NTWK) CEO Form 4?
Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition. For NETSOL Technologies, it reflects the CEO receiving 14,943 common shares as a compensation award, rather than buying them on the open market or through a discretionary purchase.