New CervoMed Board Member Hollingsworth Granted $52,812 in Stock Options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CervoMed Director Jane H. Hollingsworth received a stock option grant following her election to the company's board of directors at the 2025 Annual Meeting of Stockholders. The transaction details include:
- Grant of options to purchase 8,100 shares of common stock
- Exercise price set at $6.52 per share
- Options granted on June 23, 2025 with expiration on June 23, 2035
- Vesting schedule: Monthly over one year in equal 1/12th increments
- Vesting begins June 30, 2025, subject to continued service
The stock options were granted under the company's 2025 Equity Incentive Plan in accordance with their non-employee director compensation policy. The Form 4 was filed by William R. Elder as attorney-in-fact for Hollingsworth.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hollingsworth Jane H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,100 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 8,100 shares (Direct)
Footnotes (1)
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FAQ
What stock options did CRVO director Jane Hollingsworth receive in June 2025?
Jane Hollingsworth received stock options to purchase 8,100 shares of CRVO common stock at an exercise price of $6.52 per share on June 23, 2025. The options were granted under the company's 2025 Equity Incentive Plan following her election to the board of directors.
When do Jane Hollingsworth's CRVO stock options vest?
The stock options vest monthly over a one-year period in equal 1/12th increments on the last day of each month, beginning June 30, 2025. Vesting is subject to Hollingsworth's continued service as a director through each applicable vesting date.
What is the expiration date for CRVO director Hollingsworth's stock options?
The stock options granted to Jane Hollingsworth expire on June 23, 2035, which is 10 years from the grant date of June 23, 2025.
Why did CRVO grant stock options to Jane Hollingsworth in June 2025?
The stock options were granted to Jane Hollingsworth in connection with her election to CervoMed's board of directors at the 2025 Annual Meeting of Stockholders, in accordance with the company's non-employee director compensation policy.