CNSP director awarded 1,517 stock options expiring in 2035
Rhea-AI Filing Summary
CNS Pharmaceuticals, Inc. (CNSP) reported a Form 4 filing for a director covering a new stock option grant. The derivative security is an option to purchase 1,517 shares of common stock at an exercise price of $12.48 per share, expiring on November 17, 2035.
The grant was approved by the compensation committee on June 6, 2025, subject to shareholder approval of the stock option plan. Shareholders approved the plan at the annual meeting on November 17, 2025, defined as the “Shareholder Approval Date.” The options vest in four equal quarterly installments starting on the Shareholder Approval Date, contingent on the reporting person’s continued employment. After this transaction, the reporting person beneficially owns 1,517 derivative securities directly.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 1,517 | $0.00 | -- |
Footnotes (1)
- The option grant was approved by the compensation committee of CNS Pharmaceutical, Inc.'s board of directors on June 6, 2025, 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 (the "Shareholder Approval Date"). The options set forth in the table vest in four equal quarterly installments commencing on the Shareholder Approval Date, subject to the reporting person's continued employment on each vesting date. Issued in connection with the reporting person's employment with the Company.
FAQ
What did CNS Pharmaceuticals (CNSP) report in this Form 4 filing?
The filing reports that a director of CNS Pharmaceuticals, Inc. received a grant of stock options to purchase the company’s common stock, documented in Table II as a derivative security.
How many CNS Pharmaceuticals stock options were granted and at what exercise price?
The director received an option to purchase 1,517 shares of common stock at an exercise price of $12.48 per share.
When do the CNSP stock options vest for the reporting person?
The options vest in four equal quarterly installments starting on the Shareholder Approval Date, which is November 17, 2025, and each vesting is subject to the reporting person’s continued employment on the relevant vesting date.
What is the expiration date of the CNS Pharmaceuticals stock options reported?
The options expire on November 17, 2035, as shown in the expiration date column of Table II.
How many CNSP derivative securities does the reporting person own after this transaction?
Following the reported transaction, the reporting person beneficially owns 1,517 derivative securities directly, corresponding to the stock option grant.
Why were these CNS Pharmaceuticals options issued to the reporting person?
According to the explanation of responses, the options were issued in connection with the reporting person’s employment with the company.