Form 4: RumbleOn Director Steven Pully Receives Stock Grant

Director Steven J. Pully received a grant of 28,531 restricted stock units (RSUs) of RumbleOn, Inc. on August 9, 2024.

Summary

• Steven J. Pully, a director of RumbleOn, Inc., received a grant of 28,531 restricted stock units (RSUs) on August 9, 2024.
• Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock.
• The RSUs will vest on June 4, 2025, subject to pro rata vesting if Pully leaves the board before that date.
• Following the transaction, Pully beneficially owns 110,092 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for corporate governance.

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.

Future Outlook

The document does not contain any specific forward-looking statements regarding RumbleOn's future performance.

Industry Context

Stock grants to directors are a common practice to incentivize and align their interests with the company's long-term performance. This is a standard form 4 filing related to such a grant.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning the director's interests with the company's success.
• The vesting schedule incentivizes the director to remain on the board, providing continuity and experience.

Key Dates