Apnimed (APMD) director reports multi-year stock option awards
Rhea-AI Filing Summary
Apnimed, Inc. (APMD) reports that director Gary Sender holds two stock option awards. One option to acquire 51,890 shares of Class A Common Stock has an exercise price of $9.50 and expires on December 12, 2034. Another option to acquire 44,477 shares has an exercise price of $8.15 and expires on July 7, 2036. For each option, 25% of the shares vest after twelve months of continuous service from the specified start date, with the remaining shares vesting in substantially equal quarterly installments over the following 36 months, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sender Gary
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 96,367 shares (Direct)
Footnotes (2)
- F1. 25% of the shares subject to such option vest and become exercisable when the Reporting Person completes twelve months of continuous service after October 15, 2024, and the remainder of the shares vest and become exercisable in substantially equal quarterly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.
- F2. 25% of the shares subject to such option vest and become exercisable when the Reporting Person completes twelve months of continuous service after July 7, 2026, and the remainder of the shares vest and become exercisable in substantially equal quarterly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.
Key Figures
Option exercise price: $9.50
Underlying shares: 51890 shares
Option expiration: 2034-12-12
+5 more
8 metrics
Option exercise price
$9.50
Stock Option (Right to Buy) on 51890 underlying Class A Common shares
Underlying shares
51890 shares
Class A Common Stock underlying $9.50 stock option
Option expiration
2034-12-12
Expiration date of $9.50 stock option
Option exercise price
$8.15
Stock Option (Right to Buy) on 44477 underlying Class A Common shares
Underlying shares
44477 shares
Class A Common Stock underlying $8.15 stock option
Option expiration
2036-07-07
Expiration date of $8.15 stock option
Initial vesting portion
25%
Portion of each option vesting after twelve months of continuous service
Remaining vesting period
36 months
Quarterly vesting period for remaining option shares after initial cliff
Key Terms
Stock Option (Right to Buy), Class A Common Stock, exercise price, vest and become exercisable, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"conversion_or_exercise_price: 9.5000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest and become exercisable financial
"shares subject to such option vest and become exercisable"
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer"
FAQ
What insider ownership did Gary Sender report on Form 3 for APMD?
Gary Sender reported holding two stock options for Apnimed, Inc., covering 51,890 and 44,477 underlying Class A Common shares, each with specified exercise prices and long-dated expirations, subject to multi-year vesting schedules.
What are the exercise prices of Gary Sender’s stock options in APMD?
Gary Sender’s reported stock options have exercise prices of $9.50 and $8.15 per share. Each option relates to Class A Common Stock and becomes exercisable over time according to its stated vesting schedule, contingent on continuous service.
What are the vesting terms of Gary Sender’s $9.50 stock option in APMD?
For the $9.50 option on 51,890 shares, 25% vests after twelve months of continuous service following October 15, 2024. The remaining 75% vests in substantially equal quarterly installments over the next 36 months, contingent on continued service.
What are the vesting terms of Gary Sender’s $8.15 stock option in APMD?
For the $8.15 option on 44,477 shares, 25% vests after twelve months of continuous service following July 7, 2026. The remaining shares vest in substantially equal quarterly installments over 36 months, subject to his continued service.
When do Gary Sender’s Apnimed (APMD) stock options expire?
The $9.50 option on 51,890 shares expires on December 12, 2034, and the $8.15 option on 44,477 shares expires on July 7, 2036. Exercisability depends on satisfaction of each option’s vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
