EBR Systems (EBRCZ) COO awarded 54,000 stock options at $2.6727 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EBR Systems, Inc. reported that Chief Operating Officer Michael Hendricksen received an equity compensation grant of stock options. He was awarded 54,000 stock options to purchase common stock at an exercise price of $2.6727 per share, expiring on June 23, 2036.
According to the vesting terms, 1/48 of the options will vest on July 24, 2026, with additional 1/48 portions vesting monthly thereafter, as long as he continues as a service provider. Following this award, he holds 54,000 derivative securities related to this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hendricksen Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 54,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 54,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 54,000 options
Exercise price: $2.6727 per share
Expiration date: June 23, 2036
+3 more
6 metrics
Options granted
54,000 options
Stock Option (right to buy) grant to COO
Exercise price
$2.6727 per share
Strike price for stock options
Expiration date
June 23, 2036
Option term end date
Post-transaction derivative holdings
54,000 derivative securities
Total stock options following grant
Initial vesting date
July 24, 2026
1/48 of options vest
Monthly vesting fraction
1/48 per month
Ongoing vesting while service continues
Key Terms
Stock Option (right to buy), exercise price, vesting, service provider
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 2.6727"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"1/48 of the shares subject to the option shall vest on July 24, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
service provider financial
"subject to the Reporting Person continuing as a service provider"
FAQ
What insider transaction did EBR Systems (EBRCZ) report for Michael Hendricksen?
EBR Systems reported that COO Michael Hendricksen received a grant of 54,000 stock options. These options give him the right to buy common shares at a fixed exercise price as part of his equity compensation package, rather than representing an open-market purchase or sale.
What is the exercise price of Michael Hendricksen’s stock options at EBR Systems (EBRCZ)?
The stock options granted to Michael Hendricksen carry an exercise price of $2.6727 per share. This means he can buy EBR Systems common stock at $2.6727 once options vest, regardless of the market price at exercise, until they expire.
How many EBR Systems (EBRCZ) stock options did Michael Hendricksen hold after the Form 4 transaction?
After the reported transaction, Michael Hendricksen held 54,000 derivative securities related to this grant. These represent stock options, not already-owned common shares, and they become exercisable over time as they vest according to the grant’s vesting schedule.
What is the vesting schedule for Michael Hendricksen’s EBR Systems (EBRCZ) stock options?
The options vest gradually, with 1/48 of the total shares vesting on July 24, 2026. Thereafter, an additional 1/48 vests each month, contingent on Hendricksen continuing as a service provider through each monthly vesting date over the four-year period.
When do Michael Hendricksen’s EBR Systems (EBRCZ) stock options expire?
The stock options granted to Michael Hendricksen are scheduled to expire on June 23, 2036. If he does not exercise vested options by that expiration date, they lapse and no longer provide the right to purchase EBR Systems common stock.