MediciNova (MNOV) director awarded 44,500 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MediciNova Inc. director Nagao Hideki received a grant of 44,500 stock options for Common Stock. The options have an exercise price of $1.36 per share and expire on June 22, 2036. Following this grant, Nagao holds 44,500 stock options directly.
The option vests in four equal installments on September 30, 2026, December 31, 2026, March 31, 2027 and June 30, 2027, subject to continued service with the company. This is a 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
Nagao Hideki
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 44,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 44,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 44,500 options
Exercise price: $1.36 per share
Shares underlying options: 44,500 shares
+2 more
5 metrics
Option grant size
44,500 options
Stock Option (Right to Buy) awarded to director Nagao Hideki
Exercise price
$1.36 per share
Conversion or exercise price of granted stock options
Shares underlying options
44,500 shares
Underlying MediciNova Common Stock tied to the new options
Post-grant option holdings
44,500 options
Total options held following the reported transaction
Option expiration date
June 22, 2036
Expiration of the granted stock options
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, underlying security, vesting
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock"
vesting financial
"The option vests in four equal installments on September 30, 2026..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did MediciNova (MNOV) director Nagao Hideki report in this Form 4?
Nagao Hideki reported receiving a grant of 44,500 stock options for MediciNova Common Stock. These options are a compensation-related award, not an open-market trade, and give the right to buy shares at a fixed exercise price.
How many MediciNova (MNOV) stock options were granted and at what exercise price?
The filing shows a grant of 44,500 stock options with an exercise price of $1.36 per share. This price is the cost at which the director can buy MediciNova Common Stock when the options are exercised.
When do Nagao Hideki’s MediciNova (MNOV) options vest?
The 44,500 options vest in four equal installments on September 30, 2026, December 31, 2026, March 31, 2027 and June 30, 2027. Vesting is contingent on Nagao continuing to provide service to MediciNova through each vesting date.
When do the MediciNova (MNOV) stock options granted to Nagao Hideki expire?
The options expire on June 22, 2036. After this expiration date, any unexercised portion of the 44,500 stock options will lapse, meaning the right to buy MediciNova shares at the $1.36 exercise price ends.
Is this MediciNova (MNOV) Form 4 a stock purchase or sale?
No, it records a grant of stock options as compensation, coded as an acquisition (A) rather than an open-market buy or sell. The director did not trade existing shares; he received rights to buy future shares at a set price.
How many MediciNova (MNOV) options does Nagao Hideki hold after this grant?
After the reported grant, the Form 4 shows Nagao holding 44,500 stock options directly. This figure reflects his position in this specific option award following the transaction as disclosed in the filing.