CervoMed (CRVO) awards 8,150 stock options to new board director
Rhea-AI Filing Summary
CervoMed Inc. director Marwan Sabbagh reported receiving a grant of stock options as part of his board compensation. On June 8, 2026, he was awarded options to purchase 8,150 shares of CervoMed common stock at an exercise price of $2.91 per share. These options were granted under the company’s 2025 Equity Incentive Plan in line with its non-employee director compensation policy. The options vest in substantially equal monthly installments over one year, with 1/12 of the underlying shares vesting on the last day of each month beginning June 30, 2026, contingent on his continued board service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,150 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
2025 Equity Incentive Plan financial
non-employee director compensation policy financial
vest on a monthly basis financial
Stock Option (Right to Buy) financial
FAQ
What insider transaction did CervoMed (CRVO) report for director Marwan Sabbagh?
CervoMed reported that director Marwan Sabbagh received a grant of stock options. On June 8, 2026, he was awarded options to purchase 8,150 shares of common stock as part of his non-employee director compensation under the 2025 Equity Incentive Plan.
What is the exercise price of Marwan Sabbagh’s CervoMed (CRVO) stock options?
The options have an exercise price of $2.91 per share. This means Sabbagh can purchase CervoMed common stock at $2.91 for each option share once the relevant portion of the award has vested, subject to the plan terms.
How do Marwan Sabbagh’s CervoMed (CRVO) stock options vest over time?
The 8,150-share option award vests monthly over one year. Vesting occurs in substantially equal 1/12th increments on the last day of each month, starting June 30, 2026, and is conditioned on his continued service on the board.
Under which plan were the CervoMed (CRVO) stock options granted to Marwan Sabbagh?
The options were granted under CervoMed’s 2025 Equity Incentive Plan. The grant follows the company’s non-employee director compensation policy, providing equity-based awards to outside directors in connection with their board service.
When do Marwan Sabbagh’s CervoMed (CRVO) stock options expire?
The option award is scheduled to expire on June 8, 2036. Until that expiration date, and subject to vesting and plan terms, Sabbagh may choose to exercise vested portions at the fixed $2.91 exercise price per share.