AMIX insider cancels 45,000-share option; CEO receives three months' severance
Rhea-AI Filing Summary
Brad Hauser, identified as an officer (CEO and President) of Autonomix Medical, Inc. (AMIX), reported a transaction with an earliest transaction date of 08/11/2025.
The filing discloses a derivative option that represented the right to buy 45,000 shares of common stock with an exercise price of $27, exercisable beginning 06/17/2025 and expiring 06/17/2034. The option was cancelled by mutual agreement, and the reporting person received three months' severance as consideration. The Form 4 is signed by an attorney-in-fact on behalf of Brad Hauser dated 08/13/2025.
Positive
- Option cancellation was resolved by mutual agreement, indicating the matter was settled consensually
- Reporting person received three months' severance as explicit consideration for the cancellation
Negative
- Cancellation removes potential equity upside tied to an option for 45,000 shares
- Filing does not disclose monetary amount of severance or additional details, so company financial impact is not quantified in the Form 4
Insights
TL;DR: A 45,000-share option held by the CEO was cancelled by mutual agreement; three months' severance was paid as consideration.
The filing documents a negotiated cancellation of a derivative award that would have converted into 45,000 common shares at a $27 exercise price. The disclosure is explicit that the option was revised previously for a 1-for-20 reverse split and then cancelled, with severance provided as consideration. From a governance perspective, the record shows a contractual resolution recorded on Form 4, but the filing does not state any change in employment status or other ancillary arrangements beyond the severance payment.
TL;DR: The transaction is a clear insider option cancellation; the immediate reported impact is limited to the loss of the option and a cash-equivalent severance.
The Form 4 reports a derivative security (option) tied to 45,000 common shares was cancelled effective with an 08/11/2025 transaction date. The option had a stated exercise price of $27 and specified exercisability and expiration dates. The filing states the reporting person received three months' severance as consideration for cancellation. The document does not disclose any cash amount, departure, or additional compensation beyond the severance statement, so quantified financial impact on the company is not provided in the filing.