Malhotra R. Rimmy 4
4 · Genasys Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Genasys (GNSS) Director Rimmy Malhotra Receives 47,620 RSUs
What Happened
Rimmy Malhotra, a director of Genasys Inc. (GNSS), received an award/grant of 47,620 restricted stock units (RSUs) on 2026-03-17. The reported transaction price is $0.00 and the filing reports no cash value at grant; these RSUs are a form of equity compensation rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely).
- Transaction type/code: Award/Grant (A).
- Quantity: 47,620 RSUs; reported price: $0.00; total reported consideration: $0.
- Vesting/settlement (footnote F1): RSUs vest on the earlier of (i) the Company’s 2027 annual shareholder meeting or (ii) a change of control; each RSU converts to one share and is eligible to be settled solely in shares.
- Ownership notes (footnotes F2 & F3): Certain shares are held by Nicoya Fund, LLC and Nicoya Genasys‑SPV LLC; Mr. Malhotra is the managing member of Nicoya Capital, LLC, the managing member of those entities.
- Shares owned after the transaction: not specified in the filing.
Context
RSU grants are common executive/director compensation and do not reflect an outlay of cash by the insider; they are conditional rights to future shares and typically vest over time or on corporate events. The footnotes indicate additional beneficial ownership through affiliated entities managed by Mr. Malhotra, but this filing documents only the new RSU award.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-17+47,620→ 196,285 total
- 1,628,495(indirect: See footnote)
Common Stock
[F2] - 300(indirect: See footnote)
Common Stock
[F3]
Footnotes (3)
- [F1]Represents restricted stock units (RSUs) that vest upon the earlier of (i) the date of the Company's 2027 annual shareholder meeting or (ii) a change of control event. Each RSU represents a contingent right to one share of the Company's common stock and is eligible to be settled solely in shares of the Company's common stock.
- [F2]Represents shares directly owned by Nicoya Fund, LLC, a Delaware limited liability company. Mr. Malhotra is managing member of Nicoya Capital, LLC, which is the managing member of Nicoya Fund, LLC.
- [F3]Represents shares directly owned by Nicoya Genasys-SPV LLC, a Delaware limited liability company. Mr. Malhotra is managing member of Nicoya Capital, LLC, which is the managing member of Nicoya Genasys-SPV LLC.