Form 4: Director Shamir Receives Stereotaxis RSU Grant

Stereotaxis, Inc. Director Nachum Shamir was granted 46,948 restricted share units, increasing his beneficial ownership.

Summary

• Nachum Shamir, a Director and 10% Owner of Stereotaxis, Inc. (STXS), was granted 46,948 restricted share units (RSUs) on January 2, 2026.
• Each restricted share unit represents a right to receive one share of common stock.
• The RSUs were granted at a price of $0, which is typical for such equity compensation.
• Following this transaction, Nachum Shamir beneficially owns 136,224 shares of common stock.
• The restricted share units vest on the earliest of: the fifth anniversary of the award date (January 2, 2031), the termination of the director's service on the board, or a Change of Control as defined in the award documents.

Sentiment

Score: 7

Explanation: Routine equity compensation grant for a director, aligning interests with long-term company performance. This is a standard corporate action and generally viewed as neutral to slightly positive.

Positives

• The grant of restricted share units aligns the director's long-term interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity compensation is a standard practice to attract and retain experienced board members.

Negatives

• The issuance of new shares upon vesting of RSUs could lead to minor dilution for existing shareholders, although this is a common aspect of equity compensation plans.

Risks

• The actual receipt of shares by the director is contingent upon meeting specific vesting conditions, including continued service or a Change of Control, introducing a performance-based risk for the recipient.
• The value of the vested shares is subject to market fluctuations of Stereotaxis, Inc. common stock.

Future Outlook

The restricted share units are designed to vest over a period of up to five years, or upon earlier events such as termination of service or a Change of Control, indicating a long-term incentive structure for the director.

Industry Context

The grant of restricted share units to a director is a common practice in publicly traded companies across various industries. This form of equity compensation is widely used to align the interests of board members with long-term shareholder value creation and to incentivize continued service.

Comparison to Industry Standards

• Restricted share unit grants are a standard component of director compensation packages in the U.S. public market, comparable to practices at other medical technology companies of similar size and stage.
• The vesting schedule, tied to service and potential change of control events, is also consistent with typical corporate governance practices for director equity awards.

Related Party Transactions

• The grant of restricted share units to Nachum Shamir, a Director and 10% Owner, constitutes a related party transaction, which is a standard form of compensation for board members.

Stakeholder Impact

• Shareholders: Potential for minor future dilution upon vesting, but increased alignment of director's interests with long-term shareholder value.
• Director (Nachum Shamir): Receives long-term equity incentive tied to company performance and continued service.

Next Steps

• The restricted share units will vest according to the specified conditions, with the earliest being the fifth anniversary of the award date (January 2, 2031), termination of director service, or a Change of Control.

Key Dates

Recommendation

This Form 4 reports a routine restricted share unit grant to a director, which is a standard compensation practice. It does not provide new information that would significantly alter the investment thesis for Stereotaxis, Inc. at this time. Investors should consider this a normal course of business event.

Keywords

Stereotaxis, STXS, Nachum Shamir, Form 4, Restricted Share Units, RSU, Director Compensation, Equity Grant, Insider Transaction