[Form 4] Palisade Bio, Inc. Insider Trading Activity
Emil Chuang, a director of Palisade Bio, Inc. (PALI), was granted 18,800 phantom units on 09/04/2025. Each phantom unit equals one share of common stock and the units were granted at $0 per unit. The units vest in three equal annual installments beginning August 5, 2026, subject to continued service.
Vested phantom units will be settled solely in cash based on the fair market value of the equivalent number of shares upon termination of service, a defined liquidity change in control, or the seventh anniversary of the grant. The Form 4 reports 18,800 shares beneficially owned following the transaction and is signed by attorney-in-fact Ryker Willie on 09/05/2025.
Emil Chuang, amministratore di Palisade Bio, Inc. (PALI), ha ricevuto 18.800 unit脿 fantasma il 04/09/2025. Ciascuna unit脿 fantasma corrisponde a una azione ordinaria ed 猫 stata assegnata a $0 per unit脿. Le unit脿 maturano in tre rate annuali uguali a partire dal 5 agosto 2026, subordinatamente al proseguimento del servizio.
Le unit脿 fantasma maturate saranno liquidate esclusivamente in contanti in base al valore di mercato delle azioni corrispondenti al momento della cessazione del servizio, di un determinato cambio di controllo con evento di liquidit脿, o al settimo anniversario della concessione. Il Modulo 4 riferisce 18.800 azioni possedute beneficiariamente a seguito della transazione ed 猫 firmato dall鈥檃vvocato delegato Ryker Willie il 05/09/2025.
Emil Chuang, director de Palisade Bio, Inc. (PALI), recibi贸 18.800 unidades fantasma el 04/09/2025. Cada unidad fantasma equivale a una acci贸n ordinaria y se concedieron a $0 por unidad. Las unidades consolidan en tres cuotas anuales iguales a partir del 5 de agosto de 2026, sujeto a la continuidad del servicio.
Las unidades fantasma consolidadas se liquidar谩n 煤nicamente en efectivo seg煤n el valor razonable de mercado del mismo n煤mero de acciones al momento de la terminaci贸n del servicio, de un cambio de control con evento de liquidez definido, o del s茅ptimo aniversario de la concesi贸n. El Formulario 4 informa 18.800 acciones pose铆das beneficiariamente tras la transacci贸n y est谩 firmado por el apoderado Ryker Willie el 05/09/2025.
韺岆Μ歆�霌� 氚旍澊鞓�(Palisade Bio, Inc., PALI) 鞚挫偓 Emil Chuang鞐愱矊 2025雲� 9鞗� 4鞚检棎 18,800臧滌潣 韺厐 鞙犽嫑鞚� 攵�鞐悩鞐堨姷雼堧嫟. 臧� 韺厐 鞙犽嫑鞚� 氤错喌欤� 1欤检棎 頃措嫻頃橂┌ 雼皜 $0搿� 攵�鞐悩鞐堨姷雼堧嫟. 頃措嫻 鞙犽嫑鞚� 2026雲� 8鞗� 5鞚茧秬韯� 毵る厔 霃欖澕頃� 牍勳湪搿� 3須岇棎 瓯胳硱 氩犾姢韺呺悩氅� 瓿勳啀 攴茧毳� 臁瓣贝鞙茧 頃╇媹雼�.
氩犾姢韺呺悳 韺厐 鞙犽嫑鞚� 攴茧 膦呺 鞁�, 鞝曥潣霅� 鞙犽彊靹� 鞛堧姅 鞚胳垬頃╇硲(觳挫澑歆�鞓る笇旎姼搿�) 氚滌儩 鞁� 霕愲姅 攵�鞐澕搿滊秬韯� 7欤茧厔鞐� 頃措嫻頃橂姅 鞁滌爯鞐� 霃欕摫頃� 靾橂焿鞚� 欤检嫕鞚� 瓿奠爼鞁滌灔臧�旃橃棎 霐半澕 順勱笀鞙茧毵� 鞝曥偘霅╇媹雼�. Form 4鞐愲姅 瓯半灅 頉� 18,800欤检潣 鞁れ 靻岇湢臧� 氤搓碃霅橃柎 鞛堨溂氅�, 2025雲� 9鞗� 5鞚� 雽�毽澑 Ryker Willie臧� 靹滊獏頄堨姷雼堧嫟.
Emil Chuang, administrateur de Palisade Bio, Inc. (PALI), s鈥檈st vu accorder 18 800 unit茅s fant么mes le 04/09/2025. Chaque unit茅 fant么me 茅quivaut 脿 une action ordinaire et les unit茅s ont 茅t茅 attribu茅es 脿 0 $ l鈥檜nit茅. Les unit茅s acqui猫rent des droits en trois versements annuels 茅gaux 脿 partir du 5 ao没t 2026, sous r茅serve de la poursuite du service.
Les unit茅s fant么mes acquises seront r茅gl茅es uniquement en num茅raire en fonction de la juste valeur marchande du nombre 茅quivalent d鈥檃ctions lors de la cessation de service, d鈥檜n changement de contr么le d茅fini avec 茅v茅nement de liquidit茅, ou au septi猫me anniversaire de l鈥檕ctroi. Le formulaire 4 signale 18 800 actions d茅tenues b茅n茅ficiairement suite 脿 la transaction et est sign茅 par le mandataire Ryker Willie le 05/09/2025.
Emil Chuang, Direktor von Palisade Bio, Inc. (PALI), erhielt am 04.09.2025 18.800 Phantom-Einheiten. Jede Phantom-Einheit entspricht einer Stammaktie und die Einheiten wurden zu $0 pro Einheit gew盲hrt. Die Einheiten vesten in drei gleichen j盲hrlichen Raten beginnend am 5. August 2026, vorbehaltlich fortgesetzter Dienstzeit.
Vested Phantom-Einheiten werden ausschlie脽lich in bar abgewickelt, basierend auf dem Marktwert der entsprechenden Anzahl von Aktien bei Beendigung des Dienstverh盲ltnisses, bei einem definierten Liquidit盲ts-Change-of-Control oder am siebten Jahrestag der Gew盲hrung. Das Formular 4 berichtet nach der Transaktion 眉ber 18.800 wirtschaftlich gehaltene Aktien und ist am 05.09.2025 vom Bevollm盲chtigten Ryker Willie unterzeichnet.
- Director alignment: Grant ties director compensation to company stock value through phantom units.
- Retention incentive: Vesting in three equal annual installments beginning 08/05/2026 encourages continued service.
- No immediate dilution: Phantom units are settled in cash, so common shares are not issued at grant.
- None.
Insights
TL;DR Routine director compensation in phantom units; creates potential future cash obligation but no immediate equity dilution.
The grant of 18,800 phantom units to a director is a standard non-equity compensation mechanism that ties pay to the company's stock value without issuing shares today. Vesting over three years encourages retention. Because settlement is in cash, this creates a contingent cash liability timed to vesting, termination, change in control, or the 7th anniversary, rather than increasing share count.
TL;DR Governance-wise, the award aligns a director with shareholder outcomes while preserving current share capital structure.
The structure鈥攑hantom units with service-based vesting and cash settlement鈥攁ligns incentives without immediately diluting equity. Key governance points are the multi-year vesting schedule and defined settlement triggers including termination and change in control. The disclosure is clear on mechanics and timing.
Emil Chuang, amministratore di Palisade Bio, Inc. (PALI), ha ricevuto 18.800 unit脿 fantasma il 04/09/2025. Ciascuna unit脿 fantasma corrisponde a una azione ordinaria ed 猫 stata assegnata a $0 per unit脿. Le unit脿 maturano in tre rate annuali uguali a partire dal 5 agosto 2026, subordinatamente al proseguimento del servizio.
Le unit脿 fantasma maturate saranno liquidate esclusivamente in contanti in base al valore di mercato delle azioni corrispondenti al momento della cessazione del servizio, di un determinato cambio di controllo con evento di liquidit脿, o al settimo anniversario della concessione. Il Modulo 4 riferisce 18.800 azioni possedute beneficiariamente a seguito della transazione ed 猫 firmato dall鈥檃vvocato delegato Ryker Willie il 05/09/2025.
Emil Chuang, director de Palisade Bio, Inc. (PALI), recibi贸 18.800 unidades fantasma el 04/09/2025. Cada unidad fantasma equivale a una acci贸n ordinaria y se concedieron a $0 por unidad. Las unidades consolidan en tres cuotas anuales iguales a partir del 5 de agosto de 2026, sujeto a la continuidad del servicio.
Las unidades fantasma consolidadas se liquidar谩n 煤nicamente en efectivo seg煤n el valor razonable de mercado del mismo n煤mero de acciones al momento de la terminaci贸n del servicio, de un cambio de control con evento de liquidez definido, o del s茅ptimo aniversario de la concesi贸n. El Formulario 4 informa 18.800 acciones pose铆das beneficiariamente tras la transacci贸n y est谩 firmado por el apoderado Ryker Willie el 05/09/2025.
韺岆Μ歆�霌� 氚旍澊鞓�(Palisade Bio, Inc., PALI) 鞚挫偓 Emil Chuang鞐愱矊 2025雲� 9鞗� 4鞚检棎 18,800臧滌潣 韺厐 鞙犽嫑鞚� 攵�鞐悩鞐堨姷雼堧嫟. 臧� 韺厐 鞙犽嫑鞚� 氤错喌欤� 1欤检棎 頃措嫻頃橂┌ 雼皜 $0搿� 攵�鞐悩鞐堨姷雼堧嫟. 頃措嫻 鞙犽嫑鞚� 2026雲� 8鞗� 5鞚茧秬韯� 毵る厔 霃欖澕頃� 牍勳湪搿� 3須岇棎 瓯胳硱 氩犾姢韺呺悩氅� 瓿勳啀 攴茧毳� 臁瓣贝鞙茧 頃╇媹雼�.
氩犾姢韺呺悳 韺厐 鞙犽嫑鞚� 攴茧 膦呺 鞁�, 鞝曥潣霅� 鞙犽彊靹� 鞛堧姅 鞚胳垬頃╇硲(觳挫澑歆�鞓る笇旎姼搿�) 氚滌儩 鞁� 霕愲姅 攵�鞐澕搿滊秬韯� 7欤茧厔鞐� 頃措嫻頃橂姅 鞁滌爯鞐� 霃欕摫頃� 靾橂焿鞚� 欤检嫕鞚� 瓿奠爼鞁滌灔臧�旃橃棎 霐半澕 順勱笀鞙茧毵� 鞝曥偘霅╇媹雼�. Form 4鞐愲姅 瓯半灅 頉� 18,800欤检潣 鞁れ 靻岇湢臧� 氤搓碃霅橃柎 鞛堨溂氅�, 2025雲� 9鞗� 5鞚� 雽�毽澑 Ryker Willie臧� 靹滊獏頄堨姷雼堧嫟.
Emil Chuang, administrateur de Palisade Bio, Inc. (PALI), s鈥檈st vu accorder 18 800 unit茅s fant么mes le 04/09/2025. Chaque unit茅 fant么me 茅quivaut 脿 une action ordinaire et les unit茅s ont 茅t茅 attribu茅es 脿 0 $ l鈥檜nit茅. Les unit茅s acqui猫rent des droits en trois versements annuels 茅gaux 脿 partir du 5 ao没t 2026, sous r茅serve de la poursuite du service.
Les unit茅s fant么mes acquises seront r茅gl茅es uniquement en num茅raire en fonction de la juste valeur marchande du nombre 茅quivalent d鈥檃ctions lors de la cessation de service, d鈥檜n changement de contr么le d茅fini avec 茅v茅nement de liquidit茅, ou au septi猫me anniversaire de l鈥檕ctroi. Le formulaire 4 signale 18 800 actions d茅tenues b茅n茅ficiairement suite 脿 la transaction et est sign茅 par le mandataire Ryker Willie le 05/09/2025.
Emil Chuang, Direktor von Palisade Bio, Inc. (PALI), erhielt am 04.09.2025 18.800 Phantom-Einheiten. Jede Phantom-Einheit entspricht einer Stammaktie und die Einheiten wurden zu $0 pro Einheit gew盲hrt. Die Einheiten vesten in drei gleichen j盲hrlichen Raten beginnend am 5. August 2026, vorbehaltlich fortgesetzter Dienstzeit.
Vested Phantom-Einheiten werden ausschlie脽lich in bar abgewickelt, basierend auf dem Marktwert der entsprechenden Anzahl von Aktien bei Beendigung des Dienstverh盲ltnisses, bei einem definierten Liquidit盲ts-Change-of-Control oder am siebten Jahrestag der Gew盲hrung. Das Formular 4 berichtet nach der Transaktion 眉ber 18.800 wirtschaftlich gehaltene Aktien und ist am 05.09.2025 vom Bevollm盲chtigten Ryker Willie unterzeichnet.
FAQ
What did Emil Chuang report on Form 4 for PALI?
When do the phantom units vest?
How are vested phantom units settled?
Does this grant dilute PALI's outstanding shares?
Who signed the Form 4 and when?
