GeoVax Labs (GOVX) CFO awarded 17,600 stock options in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeoVax Labs CFO Mark Reynolds received a grant of stock options covering 17,600 shares of common stock. The options have an exercise price of $1.18 per share and expire on June 17, 2036. They become exercisable in three equal annual installments on the first three anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reynolds Mark
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 17,600 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 17,600 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 17,600 options
Exercise price: $1.18 per share
Expiration date: June 17, 2036
+1 more
4 metrics
Stock options granted
17,600 options
Grant to CFO Mark Reynolds on June 17, 2026
Exercise price
$1.18 per share
Strike price for the 17,600 stock options
Expiration date
June 17, 2036
Option term for CFO grant
Post-grant derivative holdings
17,600 options
Total stock options held following this transaction
Key Terms
Stock Option, Grant, award, or other acquisition, exercise price, exercisable in three equal annual installments
4 terms
Stock Option financial
"security_title: "Stock Option" tied to common stock as underlying security"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for this option"
exercise price financial
"conversion_or_exercise_price of 1.1800 per underlying common share"
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.
exercisable in three equal annual installments financial
"footnote: "Stock option becomes exercisable in three equal annual installments""
FAQ
What did GeoVax Labs (GOVX) disclose about CFO Mark Reynolds in this Form 4?
GeoVax Labs reported that CFO Mark Reynolds received a grant of 17,600 stock options. These options relate to common stock and were awarded as a compensation grant, not an open-market purchase or sale of existing shares.
How many stock options did the GeoVax (GOVX) CFO receive and at what price?
The CFO received 17,600 stock options with an exercise price of $1.18 per share. This price is the amount he would pay per share to convert the options into common stock once they become exercisable.
When do the newly granted GeoVax (GOVX) stock options to the CFO become exercisable?
The stock options become exercisable in three equal annual installments on the first three anniversaries of the grant date. This standard vesting schedule encourages longer-term alignment between the CFO and shareholder interests over multiple years.
What is the expiration date of the GeoVax (GOVX) CFO stock option grant?
The stock options granted to the CFO expire on June 17, 2036. If the options are not exercised by that date, they lapse and can no longer be used to acquire GeoVax common shares under this grant.