GeoVax (GOVX) CEO David Dodd granted 29,300 stock options at $1.18 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeoVax Labs, Inc. reported that President and CEO David A. Dodd received a grant of stock options classified as a derivative security. The award covers 29,300 stock options, each exercisable for one share of common stock at an exercise price of $1.18 per share, with no cash paid at grant.
The options expire on June 17, 2036 and become exercisable in three equal annual installments on the first three anniversaries of the grant date. Following this grant, Dodd holds 29,300 stock options directly as reported in this filing, reflecting a routine compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DODD DAVID A
Role
President, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 29,300 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 29,300 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 29,300 options
Exercise price: $1.18 per share
Expiration date: June 17, 2036
+2 more
5 metrics
Stock options granted
29,300 options
Grant to President and CEO David A. Dodd
Exercise price
$1.18 per share
Strike price for the 29,300 options
Expiration date
June 17, 2036
Option term for the granted stock options
Underlying shares
29,300 shares
Common stock underlying the stock options
Holdings after grant
29,300 options
Total derivative holdings following this transaction
Key Terms
Stock Option, exercise price, Grant, award, or other acquisition, derivative security, +1 more
5 terms
Stock Option financial
"security_title: "Stock Option" and underlying_security_title: "Common Stock""
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.
exercise price financial
"conversion_or_exercise_price: "1.1800" indicates the option exercise price per 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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
derivative security financial
"transaction_type: "derivative" classifies the stock option as a derivative security"
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.
vests in three equal annual installments financial
"Footnote: "Stock option becomes exercisable in three equal annual installments""
FAQ
What did GeoVax Labs (GOVX) disclose in this Form 4 for David A. Dodd?
GeoVax Labs disclosed that President and CEO David A. Dodd received a grant of 29,300 stock options. These options are part of his compensation and give the right to buy common shares at a fixed exercise price in the future, subject to vesting.
How many stock options did GeoVax CEO David A. Dodd receive in this filing?
David A. Dodd received 29,300 stock options linked to GeoVax Labs common stock. Each option can convert into one share once vested and exercised, giving him potential future ownership without any cash outlay at the time the award was granted.
What is the exercise price and expiration date of David A. Dodd’s GeoVax stock options?
The stock options granted to David A. Dodd have an exercise price of $1.18 per share and expire on June 17, 2036. This means he can choose to buy shares at $1.18 any time after vesting and before the expiration date.
How do the newly granted GeoVax options to David A. Dodd vest over time?
The options vest in three equal annual installments on the first three anniversaries of the grant date. This staggered vesting schedule encourages longer-term service, as Dodd gains exercisable rights to only one-third of the options each year over three years.
How many GeoVax stock options does David A. Dodd hold after this grant?
After the reported grant, David A. Dodd holds 29,300 stock options directly as shown in the filing. These options represent his current derivative position from this award, tied to an equal number of underlying GeoVax common shares.