Bluejay Diagnostics (NASDAQ: BJDX) ties director options to FDA clearance
Rhea-AI Filing Summary
Bluejay Diagnostics, Inc. (BJDX) reported that director Donald R. Chase received a grant of 100,000 stock options to purchase common stock. The options have an exercise price of $2.075 per share, expire on August 17, 2031, and vest on the first anniversary of the grant date. According to the award terms, the options are not exercisable unless and until the U.S. Food and Drug Administration grants clearance or approval of Bluejay’s Symphony IL-6 point-of-care testing device.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHASE DONALD R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 100,000 shares (Direct)
Footnotes (1)
- F1. Represents out-of-the-money stock options that vest and become exercisable for $2.075 per share on the first anniversary of the grant date, provided, however, that the options shall not be exercisable unless and until the U.S. Food and Drug Administration shall have granted clearance or approval of the issuer's Symphony IL-6 point-of-care testing device.
Key Figures
Stock options granted: 100000 shares
Exercise price: $2.075 per share
Underlying shares: 100000 shares
+2 more
5 metrics
Stock options granted
100000 shares
Number of stock options granted to Donald R. Chase on August 17, 2026
Exercise price
$2.075 per share
Conversion or exercise price for the granted stock options
Underlying shares
100000 shares
Common shares underlying the granted stock options
Options expiration date
2031-08-17
Expiration date of the granted stock options
Shares owned after transaction (options)
100000 options
Total derivative securities held by Donald R. Chase following the grant
Key Terms
out-of-the-money stock options, point-of-care testing device, clearance or approval
3 terms
out-of-the-money stock options financial
"Represents out-of-the-money stock options that vest and become exercisable"
point-of-care testing device medical
"approval of the issuer's Symphony IL-6 point-of-care testing device"
clearance or approval regulatory
"shall not be exercisable unless and until the U.S. Food and Drug Administration shall have granted clearance or approval"
FAQ
What insider transaction did BJDX report for Donald R. Chase?
Bluejay Diagnostics (BJDX) reported a grant of 100,000 stock options to director Donald R. Chase. These options are a compensation award, not an open-market purchase or sale of Bluejay common stock.
What is the exercise price of the stock options granted in the BJDX Form 4?
The granted stock options have an exercise price of $2.075 per share. They are described as out-of-the-money options and become exercisable only after vesting and FDA clearance or approval of the Symphony IL-6 device.
When do Donald R. Chase’s BJDX stock options vest and expire?
The options vest on the first anniversary of the August 17, 2026 grant date. They carry an expiration date of August 17, 2031, giving a five-year term after vesting, subject to the FDA clearance condition.
Are the BJDX options exercisable immediately after vesting?
No. The options are not exercisable unless and until the U.S. FDA grants clearance or approval of Bluejay’s Symphony IL-6 point-of-care testing device, even after the vesting date is reached.
Was the BJDX Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirming a trading plan. The reported transaction is a stock option grant, not an automatic sale or purchase executed under a 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.