Longeveron (LGVN) CSO Hare granted 600k RSUs and 400k options
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
- None.
Negative
- None.
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 | -- |
| Grant/Award | Class B Common Stock | 600,000 | $0.00 | -- |
Footnotes (1)
- Represents the award of time-based vesting Restricted Stock Units (RSUs). 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. 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. The option vests quarterly over a three period beginning on October 1, 2026.