Genelux (GNLX) director receives RSUs and stock options in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENELUX Corp director Mary Mirabelli reported equity awards that increase her stake in the company. She received 28,409 shares of common stock in the form of restricted stock units granted under the 2022 Equity Incentive Plan, bringing her direct holdings to 102,693 common shares.
She was also granted stock options for 31,566 shares of common stock at an exercise price of $3.03 per share, expiring on June 15, 2036. Both the RSUs and options vest upon the earlier of one year from grant or the next annual meeting of stockholders, making this a compensation-related, non-market acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mirabelli Mary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 31,566 | $0.00 | -- |
| Grant/Award | Common Stock | 28,409 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,566 shares (Direct, null);
Common Stock — 102,693 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2022 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of common stock upon vesting. The RSUs will vest upon the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the Issuer's next annual meeting of stockholders. The shares subject to the option will vest upon the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the Issuer's next annual meeting of stockholders.
Key Figures
RSUs granted: 28,409 shares
Options granted: 31,566 options
Option exercise price: $3.03 per share
+2 more
5 metrics
RSUs granted
28,409 shares
Restricted stock units representing common stock grant
Options granted
31,566 options
Stock options for common stock
Option exercise price
$3.03 per share
Strike price for newly granted options
Option expiration
June 15, 2036
Expiration date of stock options
Shares after RSU grant
102,693 shares
Total common stock directly held after award
Key Terms
restricted stock units ("RSUs"), 2022 Equity Incentive Plan, Stock Option (Right to Buy), contingent right to receive one share, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2022 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Equity Incentive Plan financial
"RSUs granted pursuant to the Issuer's 2022 Equity Incentive Plan."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of 3.0300."
annual meeting of stockholders financial
"The RSUs will vest upon the earlier of the one-year anniversary or the Issuer's next annual meeting of stockholders."