Elutia director granted 159,590 stock options
Elutia Inc. director and ten percent owner Kevin Rakin reported receiving a grant of stock options covering 159,590 shares of Class A Common Stock at an exercise price of $0.96 per share.
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Form Type
4
Rhea-AI Filing Summary
Elutia Inc. director and ten percent owner Kevin Rakin reported receiving a grant of stock options covering 159,590 shares of Class A Common Stock at an exercise price of $0.96 per share. The options vest on the earlier of the day before the first annual meeting after grant or the first anniversary, subject to his continued board service, and expire on June 11, 2036. Following this award, he holds 159,590 derivative securities directly.
Insider Trade Summary
Grant/Award: 159,590 shares
Grant/Award
1 txn
Insider
RAKIN KEVIN
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 159,590 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 159,590 contracts (Direct)
Footnotes (1)
- F1. This option was granted automatically under the Issuer's Non-Employee Director Compensation Program and vests and becomes exercisable on the earlier of (i) the day immediately preceding the date of the Issuer's first annual meeting following the date of grant and (ii) the first anniversary of the date of grant, subject to the Reporting Person's continuing in service on the Issuer's board of directors through the applicable vesting date.
Key Figures
Option grant size: 159,590 options
Exercise price: $0.96 per share
Expiration date: June 11, 2036
+2 more
5 metrics
Option grant size
159,590 options
Stock Option (Right to Buy) granted to Kevin Rakin
Exercise price
$0.96 per share
Conversion or exercise price for the stock options
Expiration date
June 11, 2036
Option term end date
Underlying shares
159,590 shares
Class A Common Stock underlying the option grant
Holdings after grant
159,590 derivative securities
Total options following the reported transaction
Key Terms
Stock Option (Right to Buy), Non-Employee Director Compensation Program, Class A Common Stock, vests and becomes exercisable
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Non-Employee Director Compensation Program financial
"This option was granted automatically under the Issuer's Non-Employee Director Compensation Program"
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vests and becomes exercisable financial
"and vests and becomes exercisable on the earlier of (i) the day immediately preceding"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Elutia (ELUT) director Kevin Rakin report in this Form 4?
Kevin Rakin reported receiving a stock option grant for 159,590 shares of Elutia Class A Common Stock. The options were issued as part of the Non-Employee Director Compensation Program and are held directly as derivative securities following the award.
How many Elutia (ELUT) stock options were granted to Kevin Rakin and at what price?
Kevin Rakin was granted options to acquire 159,590 shares of Elutia Class A Common Stock at an exercise price of $0.96 per share. These options provide the right to buy shares at that fixed price until their stated expiration date.
When do Kevin Rakin’s newly granted Elutia (ELUT) options vest?
The options vest and become exercisable on the earlier of the day immediately preceding Elutia’s first annual meeting following the grant date, or the first anniversary of the grant. Vesting is conditioned on Rakin continuing to serve on Elutia’s board until that vesting date.
When do Kevin Rakin’s Elutia (ELUT) stock options expire?
The stock options granted to Kevin Rakin expire on June 11, 2036. After that expiration date, any unexercised options will no longer be usable to purchase Elutia Class A Common Stock at the specified $0.96 exercise price.
Is Kevin Rakin’s Elutia (ELUT) Form 4 transaction a purchase or a grant?
The Form 4 reflects a grant or award acquisition of stock options, not an open-market purchase. The transaction is coded “A” for a grant under Elutia’s Non-Employee Director Compensation Program and carries an exercise price of $0.96 per share.
How many Elutia (ELUT) derivative securities does Kevin Rakin hold after this grant?
After the reported grant, Kevin Rakin holds 159,590 derivative securities in the form of stock options. This figure reflects his total options following the transaction, according to the Form 4’s “total shares following transaction” disclosure for the derivative security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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