Form 4: RumbleOn Director Michael Quartieri Receives Stock Grant

Michael Quartieri, a director at RumbleOn, Inc., received a grant of 28,531 restricted stock units on August 9, 2024.

Summary

• On August 9, 2024, Michael Quartieri, a director of RumbleOn, Inc., was granted 28,531 restricted stock units (RSUs).
• Each RSU represents the right to receive one share of RumbleOn Class B Common Stock.
• The RSUs will vest on June 4, 2025, with pro rata vesting if Quartieri leaves the board before that date.
• The grant was calculated based on the share price at the conclusion of the second trading day following the release of Q2 2024 earnings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service on the board of directors.

Risks

• The value of the RSUs is dependent on the future performance of RumbleOn's stock.
• If Quartieri leaves the board before June 4, 2025, a portion of the RSUs may be forfeited.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing board members in publicly traded companies.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to act in the company's best interest.
• The director benefits from the potential future value of the stock.

Key Dates