GeoVax (GOVX) director receives 6,000 stock options at $1.18 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeoVax Labs, Inc. director John N. Spencer Jr reported receiving a grant of stock options covering 6,000 shares of GeoVax common stock. The options have an exercise price of $1.18 per share, become exercisable on June 17, 2027, and expire on June 17, 2036. Following this grant, he holds 6,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SPENCER JOHN N JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 6,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 6,000 shares (Direct, null)
Footnotes (1)
Key Figures
Options granted: 6,000 options
Exercise price: $1.18 per share
Options after transaction: 6,000 options
+2 more
5 metrics
Options granted
6,000 options
Stock option grant to director
Exercise price
$1.18 per share
Stock option strike price
Options after transaction
6,000 options
Total derivative holdings following grant
Vesting date
June 17, 2027
Option exercise date
Expiration date
June 17, 2036
Option term end
Key Terms
Stock Option, Grant, award, or other acquisition, Common Stock
3 terms
Stock Option financial
"security_title: "Stock Option" for the derivative transaction"
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""
Common Stock financial
"underlying_security_title: "Common Stock" linked to the options"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did GeoVax (GOVX) report in this Form 4?
GeoVax reported that director John N. Spencer Jr received a grant of 6,000 stock options. These options relate to GeoVax common stock and were acquired as a compensation award, not through an open-market purchase or sale.
What is the exercise price of the new GeoVax (GOVX) stock options?
The granted stock options have an exercise price of $1.18 per share. This is the fixed price at which the director can buy GeoVax common stock under the option terms once the options become exercisable.
When do the GeoVax (GOVX) options granted to the director vest and expire?
The options become exercisable on June 17, 2027, and expire on June 17, 2036. This provides a roughly nine-year window after vesting during which the director can choose to exercise the options.
How many GeoVax (GOVX) options does the director hold after this transaction?
After this transaction, the director is reported as holding 6,000 stock options. This figure reflects his direct derivative holdings following the grant disclosed in the Form 4, according to the filing data.
Was this GeoVax (GOVX) insider transaction a market buy or sell?
No, this transaction was a grant or award acquisition of stock options, not a market buy or sell. The Form 4 uses code “A,” which indicates a grant, award, or other acquisition of derivative securities as compensation.