Minerva Neurosciences (NERV) awards 50,000 stock options to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Minerva Neurosciences director Hans Peter Hasler received a grant of stock options for 50,000 shares of common stock. The options have an exercise price of $4.68 per share and expire on June 2, 2036. Following the grant, he holds 50,000 options directly.
The award vests in four equal quarterly installments. One quarter of the options vests three months after June 3, 2026, with an additional quarter vesting every three months thereafter, as long as he continues serving as a non-employee director on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HASLER HANS PETER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 50,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 50,000 options
Exercise price: $4.68 per share
Expiration date: June 2, 2036
+1 more
4 metrics
Option grant size
50,000 options
Stock Option (right to buy) granted to director
Exercise price
$4.68 per share
Exercise price of common stock underlying options
Expiration date
June 2, 2036
Option expiration for this grant
Post-transaction holdings
50,000 options
Total options held after grant
Key Terms
Stock Option (right to buy), vesting, non-employee director, exercise price
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
vesting financial
"The shares subject to this option vest in four equal quarterly installments"
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.
non-employee director financial
"subject in each case to the continued service of the Reporting Person as a non-employee director"
exercise price financial
"conversion_or_exercise_price: "4.6800""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.