EGAIN SVP exercises options, sells 6,000 shares
Rhea-AI Filing Summary
EGAIN Corp (EGAN) reported that Senior Vice President, Products and Services, Chandrasekhar Rao Jadcherla exercised employee stock options for 6,000 shares at an exercise price of $2.50 per share on September 15, 2026, receiving the same number of common shares and then selling 6,000 shares at about $5.15 per share in multiple trades, all under a Rule 10b5-1 trading plan adopted on June 9, 2026. After the option exercise, 55,003 option shares remain outstanding from the original grant of 61,003 shares, which has been fully vested since it first became exercisable on September 19, 2017.
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Insider Trade Summary 10b5-1
Exercise and Sale: 6,000 shares ($16K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Chandrasekhar Rao Jadcherla
Role
SVP, Products and Services
Sold
6,000 shs ($31K)
Approx. gross sale proceeds
$31K
Approx. exercise cost
$15K
Approx. pre-tax spread
$16K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F3 | 6,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,000 | $2.50 | $15K |
| Sale | Common Stock F1, F2 | 6,000 | $5.1535 | $31K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 55,003 contracts (Direct);
Common Stock — 1,358 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2026.
- F2. Represents actual price. These shares were sold in multiple transactions ranging in price from $5.12 to $5.21. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F3. The option, representing a right to purchase a total of 61,003 shares, became exercisable beginning on September 19, 2017, and is now fully vested.
Key Figures
Options exercised: 6,000 shares
Option exercise price: $2.50 per share
Shares sold: 6,000 shares
+5 more
8 metrics
Options exercised
6,000 shares
Employee stock options exercised by the SVP on September 15, 2026
Option exercise price
$2.50 per share
Exercise price for 6,000 options converted into common stock
Shares sold
6,000 shares
Common stock sold by the SVP on September 15, 2026
Reported sale price
$5.15 per share
Per-share price field for the 6,000-share sale; trades ranged from $5.12 to $5.21
Sale price range
$5.12–$5.21 per share
Range of prices for the multiple transactions in which 6,000 shares were sold
Remaining option shares
55,003 shares
Shares remaining subject to the option after the 6,000-share exercise
Original option grant size
61,003 shares
Total shares covered by the employee stock option, now fully vested
10b5-1 plan adoption date
June 9, 2026
Date the trading plan governing the reported sales was adopted
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option, fully vested, derivative security
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option financial
"The option, representing a right to purchase a total of 61,003 shares"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
fully vested financial
"became exercisable beginning on September 19, 2017, and is now fully vested"
derivative security financial
"The option, representing a right to purchase a total of 61,003 shares"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EGAN report for Chandrasekhar Rao Jadcherla on September 15, 2026?
He exercised 6,000 stock options at $2.50 per share, received 6,000 common shares, and sold 6,000 shares on the same date in market transactions at about $5.15 per share.
Was the September 15, 2026 EGAN insider sale made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Chandrasekhar Rao Jadcherla on June 9, 2026.
What was the exercise price of the eGain (EGAN) stock options exercised?
The employee stock options exercised on September 15, 2026 covered 6,000 shares of common stock at an exercise price of $2.50 per share.
How many stock options does the EGAN executive still hold from this grant?
After exercising 6,000 options, 55,003 shares remain subject to the option, from an original grant covering 61,003 shares, according to the reported post-transaction option balance.
When did the eGain (EGAN) option grant to the SVP become exercisable and vest?
The option grant, covering 61,003 shares, became exercisable beginning on September 19, 2017 and is described as now fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
