BrainStorm Cell (BCLI) director receives 150,000 stock options at $0.70 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bairu Menghisteab reported acquisition or exercise transactions in this Form 4 filing.
BRAINSTORM CELL THERAPEUTICS INC. director Menghisteab Bairu received a grant of stock options to buy 150,000 shares of common stock at $0.70 per share. These options, granted under the company’s 2014 Stock Incentive Plan, expire on February 26, 2036.
The award vests over a short schedule: 50% of the options vest on the grant date and the remaining 50% vest on the six-month anniversary, as long as Bairu remains employed by the company through each vesting date. Following this grant, Bairu holds 150,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bairu Menghisteab
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 150,000 | $0.70 | $105K |
Holdings After Transaction:
Stock Option (Right to Buy) — 150,000 shares (Direct, null)
Footnotes (1)
- Represents options to purchase common stock, granted under the Issuer's 2014 Stock Incentive Plan. The Stock Options shall vest as to (i) 50% of the award on the date of grant and (ii) the remaining 50% of the award shall vest on the six-month anniversary of the date of grant, provided that the Reporting Person remains employed by the Issuer through each applicable vesting date.
Key Figures
Options granted: 150,000 options
Exercise price: $0.70 per share
Underlying shares: 150,000 shares
+2 more
5 metrics
Options granted
150,000 options
Stock Option (Right to Buy) grant to director
Exercise price
$0.70 per share
Strike price for 150,000 underlying common shares
Underlying shares
150,000 shares
Common stock underlying the option award
Post-transaction options held
150,000 options
Total derivative holdings following this grant
Option expiration
February 26, 2036
Expiration date of granted stock options
Key Terms
Stock Option (Right to Buy), 2014 Stock Incentive Plan, vesting, expiration date
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
2014 Stock Incentive Plan financial
"granted under the Issuer's 2014 Stock Incentive Plan"
vesting financial
"The Stock Options shall vest as to (i) 50% of the award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: 2036-02-26T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did BCLI director Menghisteab Bairu report on this Form 4?
Bairu reported receiving a grant of stock options for 150,000 shares of BrainStorm Cell Therapeutics common stock. The options were awarded as compensation under the company’s 2014 Stock Incentive Plan at an exercise price of $0.70 per share.
What is the exercise price and expiration date of the new BCLI stock options?
The granted stock options have an exercise price of $0.70 per share and expire on February 26, 2036. This means Bairu can buy BrainStorm Cell Therapeutics shares at $0.70 anytime before that expiration date, subject to vesting conditions.
How do the 150,000 BCLI stock options granted to Menghisteab Bairu vest?
The options vest in two steps: 50% of the 150,000-share award vests on the grant date and the remaining 50% vests six months later. Vesting is contingent on Bairu remaining employed by BrainStorm Cell Therapeutics through each applicable vesting date.
How many BCLI stock options does Menghisteab Bairu hold after this grant?
After this transaction, Bairu directly holds 150,000 stock options for BrainStorm Cell Therapeutics common stock. This total reflects the newly granted award reported in the Form 4 and represents his derivative holdings shown in this particular filing.
Are the new BCLI stock options for Menghisteab Bairu part of a specific incentive plan?
Yes, the options were granted under BrainStorm Cell Therapeutics’ 2014 Stock Incentive Plan. Such plans are typically used to align director and employee compensation with shareholder interests by granting equity-based awards like stock options subject to vesting requirements.