Form 4: Airgain CFO Michael Elbaz Receives Restricted Stock Unit Grant

Airgain's Chief Financial Officer, Michael Elbaz, was granted 5,706 restricted stock units, vesting in two installments through March 2026.

Summary

• Michael Elbaz, Chief Financial Officer of Airgain Inc. (AIRG), acquired 5,706 shares of common stock in the form of restricted stock units (RSUs).
• The transaction date for the acquisition was July 15, 2025.
• The RSUs were acquired at a price of $0, indicating a grant rather than a purchase.
• Following this transaction, Michael Elbaz beneficially owns 142,513 shares, which includes these restricted stock units.
• The restricted stock units will vest in two substantially equal installments on November 15, 2025, and March 15, 2026, contingent on continued service to the Issuer.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to the CFO is a positive sign of executive retention and aligns management's interests with long-term shareholder value, indicating stability and commitment.

Positives

• The grant of restricted stock units aligns the Chief Financial Officer's interests with long-term shareholder value.
• The equity grant indicates continued commitment of the CFO to the company.

Risks

• The vesting of the restricted stock units is subject to the reporting person's continued service to the Issuer through each vesting date, meaning the shares are not guaranteed if employment ceases.

Future Outlook

The future outlook indicates that the Chief Financial Officer's equity ownership will increase upon the vesting of the restricted stock units in November 2025 and March 2026, contingent on his continued service to the company.

Industry Context

The grant of restricted stock units is a common executive compensation practice across various industries, particularly in technology and growth-oriented companies, designed to incentivize long-term performance and retain key talent.

Comparison to Industry Standards

• Restricted Stock Unit (RSU) grants are a standard component of executive compensation packages in publicly traded companies, especially within the technology sector, aligning executive incentives with shareholder value creation.
• The specific number of units granted would typically be evaluated in the context of the executive's total compensation package, company size, and peer group compensation benchmarks, which are not detailed in this filing.

Related Party Transactions

• Grant of 5,706 restricted stock units to Michael Elbaz, the Chief Financial Officer, as part of his executive compensation.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of the Chief Financial Officer's interests with the company's long-term performance and stock price.

Next Steps

• Vesting of 5,706 restricted stock units in two substantially equal installments on November 15, 2025, and March 15, 2026.

Key Dates

Keywords

Airgain, AIRG, Michael Elbaz, Restricted Stock Units, RSU, SEC Form 4, Insider Ownership, Executive Compensation, Equity Grant