Artelo Biosciences (ARTL) grants stock options to board director
Rhea-AI Filing Summary
Artelo Biosciences director Robert Martin received a grant of 136 stock options to purchase common stock at an exercise price of $1.15 per share. These options expire on July 17, 2036 and will vest 100% on the earlier of the one-year anniversary of the July 17, 2026 Vesting Commencement Date or the day prior to the next annual stockholders’ meeting after that date, subject to his continued service as a Service Provider under the issuer’s plan. Following this award, he holds 136 options from this grant, and the transaction is flagged as made pursuant to a Rule 10b5-1 trading arrangement.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
EMANUELE ROBERT MARTIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 136 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 136 shares (Direct)
Footnotes (1)
- F1. Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's Plan) through each such applicable vesting date, one hundred percent (100%) of the shares subject to the option shall vest on the earlier of (i) the one (1) year anniversary of the Vesting Commencement Date, or (ii) the day prior to the date of the annual meeting of the Issuer's stockholders next following the Vesting Commencement Date. "Vesting Commencement Date" shall mean July 17, 2026.
Key Figures
Options Granted: 136 shares
Exercise Price: $1.15 per share
Options After Transaction: 136 shares
+3 more
6 metrics
Options Granted
136 shares
Stock Option (right to buy) granted to director Robert Martin
Exercise Price
$1.15 per share
Conversion or exercise price of the stock option grant
Options After Transaction
136 shares
Total options held following this reported grant
Option Expiration Date
July 17, 2036
Expiration date of the stock option award
Vesting Commencement Date
July 17, 2026
Date from which the one-year vesting period is measured
Vesting Percentage
100%
All shares vest on the earlier of two specified dates
Key Terms
Stock Option (right to buy), Vesting Commencement Date, Service Provider, Rule 10b5-1 trading arrangement
4 terms
Stock Option (right to buy) financial
"Security title is listed as Stock Option (right to buy) with underlying common stock"
Vesting Commencement Date financial
"Vesting Commencement Date shall mean July 17, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Service Provider financial
"Subject to the Reporting Person continuing to be a Service Provider through each such vesting date"
Rule 10b5-1 trading arrangement regulatory
"The transaction is flagged as made pursuant to a Rule 10b5-1 trading arrangement"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ARTL report for Robert Martin?
Artelo Biosciences (ARTL) reported that director Robert Martin received a grant of 136 stock options to buy common stock at $1.15 per share, expiring on July 17, 2036, subject to a specified vesting schedule and continued service.
What is the exercise price of the new ARTL stock options granted to Robert Martin?
The new options granted to director Robert Martin have an exercise price of $1.15 per share. They cover 136 shares of Artelo Biosciences common stock and represent a compensation award rather than an open-market purchase or sale.
When do Robert Martin’s newly granted ARTL options vest and expire?
The options vest 100% on the earlier of one year after the July 17, 2026 Vesting Commencement Date or the day before the next annual stockholders’ meeting after that date, and they expire on July 17, 2036, assuming continued service.
Are Robert Martin’s ARTL option grants tied to continued service?
Yes. The filing states vesting is conditioned on Martin continuing to be a Service Provider (as defined in the issuer’s plan) through the applicable vesting date, meaning his options vest only if he remains in qualifying service until then.
Was the ARTL insider option grant reported under a Rule 10b5-1 plan?
The Form 4 check box indicates the transaction was made under a Rule 10b5-1 trading arrangement. This designation reflects that the grant is associated with a pre-established plan framework, as recognized in the filing’s metadata.