Inspire Veterinary (IVP) Insider Exercise: 92,593 Shares Converted at $1.62
Rhea-AI Filing Summary
Kimball Carr, Chief Executive Officer, President and Chair acquired 92,593 Class A common shares by exercising stock options with a $1.62 exercise (conversion) price on 05/16/2025. The options were exercisable on 05/16/2025 and expire 05/16/2035. Following the reported transaction, 92,593 shares are beneficially owned directly. Remarks state the Form 4 was filed late due to an inadvertent administrative error.
Positive
- Insider acquisition: CEO Kimball Carr acquired 92,593 Class A common shares by exercising stock options.
- Transparent transaction details: Exercise price ($1.62), exercisable date (05/16/2025) and expiration date (05/16/2035) are disclosed.
Negative
- Late filing: Remarks state the Form 4 was filed late due to an inadvertent administrative error.
Insights
TL;DR: CEO exercised options for 92,593 shares; transaction is routine but the late filing raises a governance disclosure lapse.
The reporting shows a non-derivative acquisition via exercise of stock options converting into 92,593 Class A shares at a $1.62 conversion price, exercisable immediately and expiring in 2035. The filing discloses direct beneficial ownership of 92,593 shares. The remarks note the Form 4 was filed late due to an inadvertent administrative error, which is a disclosure control matter investors and governance committees typically monitor.
TL;DR: Insider exercise of 92,593 options at $1.62 is a factual ownership change; impact on capitalization depends on outstanding shares.
The report documents a stock option exercise converting to 92,593 shares of Class A common stock at a $1.62 exercise price, with exercisability and expiration dates provided. The transaction increases the reporting persons direct holdings by 92,593 shares. The filing being late is noted in the remarks; no other material operational or financial information is included in this Form 4.