Envoy Medical (NASDAQ: COCH) awards options to CEO and CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Envoy Medical, Inc. reported that its Compensation Committee approved new stock option grants for its Chief Executive Officer and Interim Chief Financial Officer under the company’s 2023 Equity Incentive Plan.
On February 5, 2026, CEO Brent Lucas received options to purchase 200,000 shares of Class A common stock, and Interim CFO Robert Potashnick received options for 15,000 shares. Both grants have an exercise price of $0.53 per share, matching the closing price on the Nasdaq Capital Market on the award date. Twenty‑five percent of each grant vests after one year, with the remaining options vesting pro rata over the following 36 months, and each award has a 10‑year term.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What executive stock option grants did Envoy Medical (COCH) approve?
Envoy Medical approved stock options for its CEO and Interim CFO. CEO Brent Lucas received options for 200,000 shares, and Interim CFO Robert Potashnick received 15,000, all under the 2023 Equity Incentive Plan at a $0.53 per share exercise price.
What is the exercise price of the new Envoy Medical (COCH) stock options?
The exercise price for the new Envoy Medical stock options is $0.53 per share. This price equals the closing price of the company’s Class A common stock on the Nasdaq Capital Market on February 5, 2026, the award date.
How do the Envoy Medical (COCH) executive stock options vest?
The options vest over four years. Twenty-five percent of each award vests after one year, and the remaining 75% vests pro rata at the end of each of the following 36 months, aligning vesting with ongoing executive service.
What is the term of the Envoy Medical (COCH) executive stock option awards?
Each Envoy Medical executive stock option award expires 10 years after the February 5, 2026 award date. This 10‑year term defines how long the CEO and Interim CFO can choose to exercise their vested options, subject to plan conditions.
Under which plan were the Envoy Medical (COCH) stock options granted?
The stock options were granted under Envoy Medical’s 2023 Equity Incentive Plan, as amended. The company notes these awards use previously filed stock option award forms included in Envoy Medical’s Annual Report on Form 10-K for the year ended December 31, 2024.
Who are the Envoy Medical (COCH) executives receiving these stock options?
The option awards went to CEO Brent Lucas and Interim CFO Robert Potashnick. Lucas received options to purchase 200,000 shares of Class A common stock, while Potashnick received options for 15,000 shares, both with identical pricing and vesting terms.