Anavex Life Sciences (AVXL) CEO awarded 125,000 options on milestone

Rhea-AI Filing Summary

Anavex Life Sciences reported that President and CEO Christopher Missling had 125,000 stock options vest on January 6, 2026. These options have an exercise price of $8.58 per share and are shown as acquired at a price of $0, reflecting the vesting of an existing award rather than a market purchase. The options are part of a larger grant made on March 31, 2025 covering 500,000 shares, structured to vest in four equal performance-based tranches.

One milestone for this grant was achieving a Second Regulatory dialogue for blarcamesine. The filing states that the performance criteria for this milestone were met, causing this 125,000-share tranche to vest. Following the transaction, Missling directly holds 125,000 derivative securities (stock options), each representing one share of common stock, with an expiration date of March 31, 2035.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MISSLING CHRISTOPHER U

(Last) (First) (Middle)

650 5TH AVENUE, 20TH FLOOR

(Street)

NEW YORK NY 10111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ANAVEX LIFE SCIENCES CORP. [ AVXL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$8.58	01/06/2026		A		125,000(1)		01/06/2026	03/31/2035	Common Stock	125,000	$0	125,000	D

Explanation of Responses:

1. On March 31, 2025, the reporting person was granted an option to purchase 500,000 shares of common stock. The option vests in four equal tranches based on four performance milestones, one of which was a Second Regulatory dialogue for blarcamesine. The performance criteria for this milestone was met, resulting in vesting of the option as to 125,000 shares.

	/s/Christopher Missling	01/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Anavex Life Sciences (AVXL) disclose?

Anavex Life Sciences disclosed that President and CEO Christopher Missling had 125,000 stock options vest on January 6, 2026. These options relate to a previously granted performance-based award.

What are the key terms of the new vested options for AVXL’s CEO?

The vested award covers 125,000 stock options with an exercise price of $8.58 per share. The options are exercisable starting January 6, 2026 and expire on March 31, 2035, and are held directly by the CEO.

How does this Form 4 relate to the earlier 500,000-share option grant at AVXL?

The filing explains that on March 31, 2025, the reporting person was granted an option to purchase 500,000 shares of common stock. The award vests in four equal performance tranches; this Form 4 reflects vesting of one tranche, covering 125,000 shares.

What performance milestone triggered the 125,000-share option vesting at Anavex (AVXL)?

One performance milestone for the 500,000-share grant was a Second Regulatory dialogue for blarcamesine. The filing states that the performance criteria for this milestone were met, causing vesting of options for 125,000 shares.

How many derivative securities does the AVXL CEO hold after this transaction?

After the reported transaction, the Form 4 shows that the CEO beneficially owns 125,000 derivative securities (stock options) following the vesting event, all reported as held in direct ownership.

Was cash paid for the 125,000 Anavex (AVXL) options reported on this Form 4?

The transaction is coded as an acquisition of derivative securities with a transaction price of $0, indicating a vesting of previously granted options rather than a cash purchase on the market.