Deep Fission, Inc. (NASDAQ:FISN) announced that director Leslie Goldman Tepper received 19,204 restricted stock units on July 23, 2026, as detailed in a regulatory filing dated July 27, 2026. These units represent a conditional entitlement to common stock shares upon vesting in July 2027, contingent on Goldman Tepper’s continued service to the company. This equity grant highlights Deep Fission’s compensation strategy for board members and offers insight into insider holdings at the Berkeley-based tech firm.
Key Points
- NASDAQ ticker: FISN
- Director Leslie Goldman Tepper acquired 19,204 restricted stock units on July 23, 2026
- Units vest on July 20, 2027, conditional on ongoing service through the vesting date
- Post-transaction, Goldman Tepper holds 19,204 derivative securities in restricted stock units directly
Restricted Stock Unit Award Details for Deep Fission Director
According to the company’s regulatory filing, Leslie Goldman Tepper, serving as a director of Deep Fission, Inc., was granted 19,204 restricted stock units on July 23, 2026, with the disclosure filed on July 27, 2026. This equity award forms part of the company’s director compensation program, aligning board member interests with shareholder value.
Restricted stock units are a common form of equity compensation used by public companies to incentivize directors and executives. This grant ensures Goldman Tepper will benefit economically through share ownership once vesting conditions are met. The 19,204-unit award follows standard governance practices for compensating board service within technology companies.
Vesting Terms and Conditions for the Stock Units
The filing specifies that the 19,204 restricted stock units will vest on July 20, 2027, provided Goldman Tepper continues her service as a director through that date. This one-year vesting period serves as a retention tool to promote ongoing board involvement and commitment to Deep Fission’s strategic goals.
Upon vesting, each unit converts into one share of Deep Fission common stock, granting Goldman Tepper direct beneficial ownership without any exercise price. This zero-cost conversion distinguishes the award as a pure equity grant rather than a stock option requiring payment upon exercise.
Beneficial Ownership After the Transaction
Following the July 23, 2026 transaction, Leslie Goldman Tepper holds 19,204 restricted stock units directly, with no indication of indirect ownership or intermediary arrangements. This direct ownership provides transparency into her economic stake in Deep Fission’s equity.
The filing does not disclose any prior holdings Goldman Tepper may have had in Deep Fission. Investors typically assess cumulative insider ownership to gauge directors’ alignment with shareholders. This filing offers a snapshot of her holdings post-transaction but does not address previous equity positions or other compensation.
Regulatory Reporting and Insider Status
This disclosure was submitted under Section 16(a) of the Securities Exchange Act of 1934, which mandates that officers, directors, and principal shareholders report changes in beneficial ownership. As a director, Goldman Tepper is subject to these reporting requirements, ensuring transparency of her transactions in Deep Fission securities.
Director transactions are closely monitored due to insider trading rules and short-swing profit regulations. The restricted stock unit grant represents a planned equity compensation event rather than an open-market trade, differentiating it from discretionary insider transactions.
No Exercise Price on Restricted Stock Units
The filing confirms the restricted stock units have a zero-dollar exercise price, meaning Goldman Tepper will not pay to convert units into common stock upon vesting. This structure contrasts with stock options, which require payment of a strike price at exercise.
This pure equity grant approach derives value solely from Deep Fission’s stock market price at and after vesting. The grant date valuation for accounting and tax purposes is based on the fair market value of the stock as of July 23, 2026.
Deep Fission’s Governance and Compensation Practices
The equity award to director Leslie Goldman Tepper reflects Deep Fission’s standard board compensation framework, combining cash retainers with equity grants to align interests and incentivize long-term service. The one-year vesting period is consistent with current market practices for director equity awards in technology firms.
Restricted stock unit programs serve to attract qualified board candidates, align directors’ interests with shareholders, and encourage retention. This filing confirms that Deep Fission employs these conventional governance measures in its director compensation strategy.
Transaction and Filing Timeline
The restricted stock unit grant occurred on July 23, 2026, with the regulatory filing submitted four days later on July 27, 2026. This timing complies with Section 16 reporting rules requiring insider transactions to be reported within two business days. Jon Gordon, acting as attorney-in-fact for Goldman Tepper, signed the disclosure, indicating authorization to file on her behalf.
The immediate impact on Deep Fission’s share price was not evident from public data. Such grants are typically announced through scheduled board or compensation committee actions rather than surprise market events. The regulatory filing formalizes the public disclosure of this equity award.
Investor Insights on Director Equity Holdings
Investors tracking Deep Fission often view insider equity holdings as a measure of management and director confidence. Equity compensation and significant share ownership by directors like Goldman Tepper suggest aligned interests with shareholders. The restricted stock units extend her economic stake through at least the July 2027 vesting date.
This filing provides transparency into changes in insider equity positions, enabling investors to monitor ownership levels, potential post-vesting sales, and compensation trends. Public disclosure requirements ensure that equity grants to insiders remain visible to the investment community, supporting informed investment decisions.
Filing Documentation and Legal Attestation
The filing includes standard certifications affirming the accuracy and completeness of reported information. Jon Gordon, as attorney-in-fact, signed the form on July 27, 2026, confirming the transaction details. The filing warns that intentional misstatements or omissions constitute federal criminal offenses under 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
While electronic filing has modernized submission, the regulatory framework requires multiple copies of Form 4, including at least one manually signed version. Goldman Tepper remains subject to Section 16 reporting obligations, ensuring ongoing transparency of her equity transactions during her tenure at Deep Fission.