Form 4: Lucas Brent T. reports purchase transactions in COCH
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lucas Brent T. reported open-market purchase transactions in a Form 4 filing for COCH. The filing lists transactions totaling 162,500 shares at a weighted average price of $0.40 per share. Following the reported transactions, holdings were 37,500 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 162,500 shares ($25,000)
Net Buy
6 txns
Insider
Lucas Brent T.
Role
Chief Executive Officer
Bought
162,500 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrant (right to buy) | 37,500 | $0.00 | -- |
| Purchase | Warrant (right to buy) | 62,500 | $0.00 | -- |
| Purchase | Class A Common Stock | 62,500 | $0.40 | $25K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 37,500 shares (Direct);
Class A Common Stock — 297,090 shares (Direct);
Stock Option (right to buy) — 879,749 shares (Direct)
Footnotes (1)
- Options to purchase 659,811 shares vest on 10/15/2023, and 219,938 shares vest pro rata on the 15th of each month thereafter for 36 consecutive months. Options to purchase 50,000 shares vest on 2/5/2027, and 150,000 shares vest pro rata on the 5th of each month thereafter for 36 consecutive months. Fully exercisable. Exercisable upon shareholder approval of the issuance of shares of Class A Common Stock underlying the warrants. The Series A-1 Warrants expire on the earlier of (i) two years from the initial exercise date and (ii) 30 days after the date on which the Company announces that it has submitted a Premarket Approval Application to the Food and Drug Administration (FDA) for its Acclaim CI Device. The Series A-2 Warrants expire on the earlier of (i) five years from the initial exercise date and (ii) 30 days after the date on which the Company announces that it has received FDA approval for its Acclaim CI Device.
FAQ
What insider transactions did Envoy Medical (COCH) report on February 12, 2026?
Envoy Medical reported that CEO and director Brent T. Lucas bought 62,500 Class A Common shares at $0.40 each and acquired Series A-1 and A-2 warrants on 37,500 and 62,500 shares, respectively, all in directly owned accounts.
At what price did the Envoy Medical (COCH) CEO buy common stock in this filing?
Brent T. Lucas purchased 62,500 shares of Envoy Medical Class A Common Stock at $0.40 per share in an open-market or private transaction, according to the Form 4 transaction code P and related pricing disclosure.
What are the key terms of the Envoy Medical (COCH) Series A-1 warrants reported?
The Series A-1 warrants held by Brent T. Lucas are exercisable at $0.40 per share after shareholder approval of the underlying share issuance and expire the earlier of two years from initial exercise or 30 days after the company announces submission of a Premarket Approval Application for its Acclaim CI Device.
What are the terms of the Envoy Medical (COCH) Series A-2 warrants in this Form 4?
The Series A-2 warrants reported for Brent T. Lucas are exercisable at $0.40 per share following shareholder approval of the related share issuance and expire the earlier of five years from initial exercise or 30 days after the company announces it has received FDA approval for its Acclaim CI Device.
What stock option positions for Envoy Medical (COCH) does the CEO report holding?
Brent T. Lucas reports directly holding stock options on 879,749 shares, with specified vesting beginning October 15, 2023, and options on 200,000 shares with vesting starting February 5, 2027, each vesting over 36 months as described in the footnotes.