Longeveron CSO granted RSUs and options
Longeveron Inc. reported that Chief Scientific Officer and significant shareholder Joshua Hare received equity awards rather than making open-market purchases.
Rhea-AI Filing Summary
Longeveron Inc. reported that Chief Scientific Officer and significant shareholder Joshua Hare received equity awards rather than making open-market purchases. He was granted 600,000 Class B common stock shares through time-based vesting RSUs. Following this award, he directly holds 1,321,796 Class B shares, including RSUs subject to future vesting.
He also received stock options on 400,000 Class B shares at an exercise price of $0.65 per share, vesting quarterly over a three-year period beginning on October 1, 2026 and expiring on July 6, 2036. Class B common stock is not registered under the Securities Exchange Act of 1934, has five votes per share, and is convertible into common stock on a one-for-one basis at the holder’s option.
Positive
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Negative
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Insights
Hare received sizable stock-based compensation grants, not open-market purchases, increasing his Class B exposure and future option rights.
The filing shows grant/award acquisitions of 600,000 Class B RSUs and 400,000 stock options at $0.65 per share. These are compensation-related awards, not discretionary buying or selling in the market, so they carry weaker trading signal than open-market purchases or sales.
After the RSU grant, Hare directly holds 1,321,796 Class B shares. The options on 400,000 Class B shares vest quarterly over a three-year period beginning on October 1, 2026 and expire on July 6, 2036. Class B shares carry five votes per share and are convertible into common stock one-for-one, so these awards primarily increase his long-term voting and economic exposure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 400,000 | $0.00 | $0.00 |
| Grant/Award | Class B Common Stock | 600,000 | $0.00 | $0.00 |
Footnotes (4)
- F1. Represents the award of time-based vesting Restricted Stock Units (RSUs).
- F2. Includes RSUs subject to future vesting, including 600,000 shares of Class B common stock underlying RSUs. Class B common stock is not registered, as further discussed in Footnote 3 below.
- F3. Amount includes 462,807 shares of Class B common stock, which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B common stock have identical rights to holders of common stock, except that holders of Class B common stock are entitled to 5 votes for each share held of record. Each share of Class B common stock is convertible at any time, at the option of the holder, into one share of common stock.
- F4. The option vests quarterly over a three period beginning on October 1, 2026.
Key Figures
Key Terms
Restricted Stock Units (RSUs) financial
Class B common stock financial
Securities Exchange Act of 1934 regulatory
Stock Option (right to buy) financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Joshua Hare receive in Longeveron (LGVN) Form 4?
What are the key terms of Joshua Hare’s Longeveron stock options?
What is special about Longeveron’s Class B common stock reported in this Form 4?
Were Joshua Hare’s Longeveron (LGVN) Form 4 transactions open-market buys or compensation grants?
AI-generated analysis. How Rhea-AI works. Not financial advice.