CNS Pharmaceuticals Form 4 details 4,881-share option grant
Rhea-AI Filing Summary
CNS Pharmaceuticals, Inc. reported an equity compensation grant to its Chief Financial Officer, Christopher Downs, on a Form 4. The filing shows an option to purchase 4,881 shares of common stock at a conversion or exercise price of $30 per share, with no price paid for the option itself. The option was approved by the compensation committee on the March 11, 2025 grant date, subject to shareholder approval of the stock option plan.
CNS Pharmaceuticals’ shareholders approved the plan at the annual meeting on November 17, 2025, making the grant effective. The options vest over 18 months, with 50% vesting on the six-month anniversary of the grant date, 25% on the 12-month anniversary, and 25% on the 18-month anniversary, conditioned on the CFO’s continued employment with the company.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 4,881 | $0.00 | $0.00 |
Footnotes (3)
- F1. The option grant was approved by the compensation committee of CNS Pharmaceutical, Inc.'s board of directors on March 11, 2025 (the "Grant Date"), subject to shareholder approval of the stock option plan under which the option was granted. CNS Pharmaceutical, Inc.'s shareholders approved the plan at the company's annual meeting on November 17, 2025.
- F2. The options set forth in the table vest as follows: 50% on the six-month anniversary of the Grant Date, 25% on the 12-month anniversary of the Grant Date, and 25% on the 18-month anniversary of the Grant Date, subject to the reporting person's continued employment on each vesting date.
- F3. Issued in connection with the reporting person's employment with the Company.
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