Autonomix Medical (AMIX) Form 4 Reveals Option Cancellation and Revised Holdings
Rhea-AI Filing Summary
Autonomix Medical director Lori Bisson reported changes to her derivative holdings in a Form 4. The filing discloses transactions involving two option grants with exercise prices of $26.56 and $40, covering 18,862 and 46,680 underlying shares respectively. The $26.56 option was cancelled by mutual agreement and the reporting person received no consideration for that cancellation. Both option amounts were revised to reflect a 1-for-20 reverse stock split. The filing shows direct beneficial ownership following the transactions of 47,930 and 1,250 derivative securities.
Positive
- Transparent disclosure of derivative transactions and direct beneficial ownership amounts
- Adjustments for corporate action (1-for-20 reverse split) are documented, clarifying share counts
Negative
- One option grant was cancelled with no consideration to the reporting person, reducing that option-based holding
Insights
TL;DR: Director disclosed cancellation and adjustments to option grants; remaining direct derivative holdings are reported.
The Form 4 details two derivative option transactions tied to option grants with exercise prices of $26.56 and $40 and underlying share counts of 18,862 and 46,680. The $26.56 option was explicitly cancelled by mutual agreement with no consideration paid to the reporting person. Amounts were adjusted for a prior 1-for-20 reverse split. The disclosure is specific on amounts and ownership form (direct), enabling investors to update insider-holding records without additional interpretation.
TL;DR: Filing shows transparent disclosure of option cancellation and post-transaction beneficial ownership; no undisclosed consideration reported.
The document clearly identifies the reporting person as a director and lists the derivative transactions and resulting direct holdings. The cancellation of one option by mutual agreement, with no consideration to the insider, is documented and accompanied by an explicit note that option quantities were revised for a reverse split. From a governance perspective the filing satisfies disclosure requirements and leaves no material ambiguity about compensation related to the cancelled option.