Form 4: Cochran Christopher P. reports acquisition/exercise transactions in COEP
Rhea-AI Filing Summary
Cochran Christopher P. reported acquisition or exercise transactions in a Form 4 filing for COEP. The filing lists transactions totaling 8,950 shares at a weighted average price of $10.56 per share. Following the reported transactions, holdings were 8,950 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,950 shares
Net Buy
2 txns
Insider
Cochran Christopher P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common stock | 5,700 | $10.56 | $60K |
| Grant/Award | Common Stock | 3,250 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 8,950 shares (Direct)
Footnotes (2)
- F1. Represents the exercise price of shares purchased upon exercise of stock options.
- F2. Represents a grant of restricted stock issued in connection with an option exchange program where the Reporting Person surrendered underwater options in exchange for a grant of restricted stock.
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FAQ
What insider activity did Coeptis Therapeutics (COEP) report for Christopher P. Cochran?
Christopher P. Cochran acquired more Coeptis Therapeutics shares through an option exercise and a restricted stock grant. He exercised options for 5,700 shares and received 3,250 restricted shares, increasing his direct beneficial ownership to 8,950 common shares.
What is the nature of the restricted stock grant reported for COEP?
The filing reports a grant of 3,250 shares of restricted stock to Christopher P. Cochran at $0 per share. This grant occurred under an option exchange program, where underwater options were surrendered in return for restricted stock awards.
What does the option exchange program mean in the Coeptis (COEP) Form 4?
The option exchange program allowed the director to surrender underwater stock options in exchange for restricted stock. In this case, Christopher P. Cochran received 3,250 restricted shares, replacing options that had exercise prices above the current stock value.
Was the director’s Coeptis (COEP) restricted stock grant a cash purchase?
No, the restricted stock grant was not a cash purchase. The 3,250 restricted shares were issued at $0 per share as part of an option exchange program, where underwater stock options were surrendered in return for equity awards.