Xponential Fitness (XPOF) CEO receives 468,755-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nuzzo Michael reported acquisition or exercise transactions in this Form 4 filing.
Xponential Fitness, Inc. Chief Executive Officer Michael Nuzzo reported an equity award of 468,755 shares of Class A common stock in the form of restricted stock units (RSUs). The RSUs were granted at a price of $0.0000 per share and increase his directly held stake to 901,493 shares.
The RSUs will vest in three equal installments, with 33.33% of the shares vesting on each of the first, second, and third anniversaries of the grant date. Each vesting event is conditioned on Mr. Nuzzo’s continued employment through the applicable vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nuzzo Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 468,755 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 901,493 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Xponential Fitness (XPOF) report for Michael Nuzzo?
Xponential Fitness reported that CEO Michael Nuzzo received a grant of 468,755 restricted stock units of Class A common stock. These RSUs were awarded at a price of $0.0000 per share and are structured as a multi-year equity incentive tied to continued employment.
What are the vesting terms of Michael Nuzzo’s new Xponential Fitness (XPOF) RSUs?
The 468,755 RSUs granted to Michael Nuzzo vest in three equal installments. Exactly 33.33% of the shares vest on each of the first, second, and third anniversaries of the grant date, subject in each case to his continued employment through the applicable vesting date.
Is Michael Nuzzo’s Xponential Fitness (XPOF) RSU award an open-market stock purchase?
No, Michael Nuzzo’s transaction reflects a grant of restricted stock units, not an open-market stock purchase. The RSUs were awarded at a stated price of $0.0000 per share and will convert into Class A common shares only as they vest over the three-year schedule.
What role does continued employment play in Michael Nuzzo’s Xponential Fitness (XPOF) RSU vesting?
Continued employment is a key condition for vesting of the RSUs granted to Michael Nuzzo. Each 33.33% tranche scheduled on the first, second, and third anniversaries of the grant date vests only if he remains employed with Xponential Fitness through the respective vesting date.
What type of security was granted to Xponential Fitness (XPOF) CEO Michael Nuzzo?
Michael Nuzzo received restricted stock units linked to Xponential Fitness Class A common stock. These RSUs represent a right to receive shares in the future, vesting over three years in equal annual installments, rather than an immediate cash purchase of common stock in the market.