Form 4: CEVA Inc. COO Michael Boukaya Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Michael Boukaya, Chief Operating Officer of CEVA Inc., reports the acquisition of 13,844 restricted stock units (RSUs) and the holding of 59,086 shares of common stock following the transaction on May 5, 2025.
Summary
- On May 5, 2025, Michael Boukaya, the Chief Operating Officer of CEVA Inc., reported a transaction involving the acquisition of 13,844 shares of common stock in the form of Restricted Stock Units (RSUs).
- These RSUs were granted under the company's 2011 Equity Incentive Plan and vest in three tranches: 33.4% on February 14, 2026, 33.3% on February 14, 2027, and 33.3% on February 14, 2028.
- The RSU award was contingent upon stockholder approval of amendments to the 2011 Equity Incentive Plan, which was granted on May 5, 2025.
- Following the reported transaction, Boukaya beneficially owns 59,086 shares, including 23,171 shares outstanding and 35,915 unvested RSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders.
Positives
- The grant of RSUs to the COO aligns his interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the COO.
- Stockholder approval of the equity incentive plan amendments indicates support for management's compensation strategy.
Future Outlook
The vesting schedule of the RSUs suggests a continued commitment from the COO to the company's long-term performance.
Industry Context
Equity compensation is a common practice in the technology industry to attract and retain key executives. The vesting schedule is typical for RSU grants.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it incentivizes the COO to focus on long-term value creation.
- Employees may see the RSU grant as a sign of the company's commitment to its leadership team.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of RSU acquisition and stockholder approval of amendments to the 2011 Equity Incentive Plan. |
| 02/14/2026 | First vesting date for 33.4% of the acquired RSUs. |
| 02/14/2027 | Second vesting date for 33.3% of the acquired RSUs. |
| 02/14/2028 | Third vesting date for 33.3% of the acquired RSUs. |
| 05/06/2025 | Date of signature for the Form 4 filing. |
Keywords
CEVA, Michael Boukaya, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Form 4, COO
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