Petros Pharmaceuticals (PTPI) director reports 500,000 RSU equity award
Rhea-AI Filing Summary
Petros Pharmaceuticals, Inc. reported an equity award to a director on a Form 4. On 01/02/2026, a director received 500,000 restricted stock units (RSUs) of Petros Pharmaceuticals common stock at a stated price of $0 per unit. According to the filing, 50% of the RSUs vested on the grant date and the remaining 50% will vest on the six-month anniversary of the grant date, as long as the director continues providing services to the company on that vesting date. Each RSU corresponds to one share of common stock. Following this grant, the director is reported to beneficially own 506,333 shares of Petros Pharmaceuticals common stock. The filing notes that these share amounts have been adjusted for the company’s 1-for-25 reverse stock split that became effective on April 30, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500,000 | $0.00 | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs"). 50% of the RSUs vested on the date of grant and the remaining 50% will vest on the six month anniversary of the date of grant, provided that the Reporting Person is providing services to the Issuer on such vesting date. Each RSU represents the right to receive one share of common stock, par value $0.0001 per share (the "Common Stock"), of the Issuer. Amounts adjusted for the Issuer's 1-for-25 reverse stock split of the Issuer's Common Stock, effective as of 4:05 p.m. (New York time) on April 30, 2025.
FAQ
What insider transaction did Petros Pharmaceuticals (PTPI) report on this Form 4?
Petros Pharmaceuticals reported that a director received 500,000 restricted stock units (RSUs) of its common stock on 01/02/2026, at a stated price of $0 per unit.
How do the Petros Pharmaceuticals (PTPI) RSUs granted on 01/02/2026 vest?
For this grant, 50% of the RSUs vested on the grant date, and the remaining 50% will vest on the six-month anniversary of the grant date, provided the director continues providing services to the company on that vesting date.
What does each RSU granted by Petros Pharmaceuticals (PTPI) represent?
Each restricted stock unit granted represents the right to receive one share of Petros Pharmaceuticals common stock, with a par value of $0.0001 per share.
What is the reporting person’s relationship to Petros Pharmaceuticals (PTPI)?
The reporting person is identified as a director of Petros Pharmaceuticals, Inc. and filed the Form 4 as one reporting person.