ARTL CFO discloses $11.03 stock options in ownership filing
Rhea-AI Filing Summary
Artelo Biosciences, Inc. (ARTL) reported the equity holdings of its Chief Financial Officer in a beneficial ownership statement. The filing lists two stock options to buy common stock, each with an exercise price of $11.03 per share. One option covers 5,000 shares of common stock and vests in equal monthly installments over four years starting from a vesting commencement date of January 1, 2025. The other option covers 2,500 shares of common stock, with half vesting on January 1, 2026 and the remaining half vesting on January 1, 2027, in each case contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Footnotes (1)
- Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2018 Equity Incentive Plan) through each such applicable vesting date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date, such that the option shall be fully vested on the four (4) year anniversary of the Vesting Commencement Date. Vesting Commencement Date shall mean January 1, 2025. Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2018 Equity Incentive Plan) through each such applicable vesting date, fifty percent (50%) of the shares subject to the option shall vest January 1, 2026 and the remaining fifty percent (50%) of the shares subject to the option shall vest January 1, 2027.
FAQ
What type of SEC filing did ARTL submit for this insider ownership report?
This is a Section 16 beneficial ownership filing reporting the equity holdings of an officer of Artelo Biosciences, Inc. (ARTL), including stock options.
Who is the insider involved in this ARTL ownership filing and what is their role?
The reporting person is an officer of Artelo Biosciences, Inc. serving as Chief Financial Officer, and the filing reflects their beneficial ownership in company equity.
What stock options were reported by the ARTL Chief Financial Officer?
The Chief Financial Officer reported two stock options to buy common stock: one for 5,000 shares and another for 2,500 shares, each with an exercise price of $11.03 per share.
What condition applies to vesting of the ARTL CFO stock options?
Both options vest only if the Chief Financial Officer continues to be a Service Provider as defined in Artelo Biosciences' 2018 Equity Incentive Plan through each applicable vesting date.