Cumberland (CPIX) VP awarded options to buy 3,000 shares at $2.80
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bitterman Chris T. reported acquisition or exercise transactions in this Form 4 filing.
Cumberland Pharmaceuticals vice president of sales and marketing Chris T. Bitterman received a grant of options to buy 3,000 shares of common stock at $2.80 per share. These options become exercisable on March 18, 2030 and expire on March 16, 2036. Following this award, he holds options covering 19,000 shares in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bitterman Chris T.
Role
Vice Pres Sales & Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (right to buy) | 3,000 | $2.80 | $8K |
Holdings After Transaction:
Options (right to buy) — 19,000 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did CPIX report for Chris T. Bitterman?
Chris T. Bitterman received a stock option grant for 3,000 shares. The options allow him to buy Cumberland Pharmaceuticals common stock at $2.80 per share, reflecting routine equity-based compensation for his role as vice president of sales and marketing.
What are the key terms of Chris T. Bitterman’s CPIX stock options?
The options cover 3,000 shares at an exercise price of $2.80. They become exercisable on March 18, 2030 and expire on March 16, 2036, giving him a defined window to purchase Cumberland Pharmaceuticals common shares.
How many Cumberland Pharmaceuticals options does Chris T. Bitterman hold after this grant?
After the grant, Chris T. Bitterman holds options on 19,000 shares. The Form 4 shows his total derivative holdings following the transaction, indicating cumulative options to acquire Cumberland Pharmaceuticals common stock, including the newly awarded 3,000-share grant.
Is the CPIX Form 4 transaction an open-market buy or a compensation grant?
The CPIX Form 4 reflects a compensation-related option grant, not an open-market purchase. The transaction is coded “A” for a grant, award, or other acquisition and represents equity compensation granted by the company to the executive.
What role does Chris T. Bitterman hold at Cumberland Pharmaceuticals (CPIX)?
Chris T. Bitterman serves as vice president of sales and marketing at Cumberland Pharmaceuticals. His Form 4 filing discloses equity compensation in the form of stock options granted in connection with his executive position at the company.