NeuroOne (NMTC) director receives new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NeuroOne Medical Technologies board member Edward Andrle reported receiving new equity awards. He was granted an option to purchase 26,036 shares of common stock at an exercise price of $0.795 per share, expiring on April 2, 2036, vesting in 12 equal monthly installments over one year.
He also received 41,929 restricted stock units that vest in 12 equal monthly installments over the same one-year period, with vesting at each month-end. Following the stock grant, Andrle directly holds 133,932 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Andrle Edward
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 26,036 | $0.00 | -- |
| Grant/Award | Common Stock | 41,929 | $0.00 | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 26,036 shares (Direct);
Common Stock — 133,932 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units, which vest in 12 equal monthly installments over a one-year period, with such vesting to occur at the end of each month. The option vests in 12 equal monthly installments over a one-year period, with such vesting to occur at the end of each month.
Key Figures
Option grant size: 26,036 options
Option exercise price: $0.795 per share
Option expiration: April 2, 2036
+3 more
6 metrics
Option grant size
26,036 options
Option to purchase common stock granted to director Andrle
Option exercise price
$0.795 per share
Exercise price for 26,036 stock options
Option expiration
April 2, 2036
Expiration date of Andrle’s stock option grant
RSU grant size
41,929 RSUs
Restricted stock units granted, vesting monthly over one year
Post-grant share holdings
133,932 shares
Common shares directly held after RSU grant
Vesting schedule
12 equal monthly installments
Applies to both RSUs and stock option grant
Key Terms
restricted stock units, Option to Purchase Common Stock, vests in 12 equal monthly installments, grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents a grant of restricted stock units, which vest in 12 equal monthly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Option to Purchase Common Stock financial
"security_title: Option to Purchase Common Stock"
vests in 12 equal monthly installments financial
"The option vests in 12 equal monthly installments over a one-year period"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transactions did NMTC director Edward Andrle report?
Edward Andrle reported receiving equity awards, not open-market trades. He was granted 26,036 stock options and 41,929 restricted stock units, both vesting monthly over one year. These awards increase his direct equity exposure to NeuroOne Medical Technologies.
How many NMTC stock options were granted to Edward Andrle?
Edward Andrle was granted an option to purchase 26,036 shares of NeuroOne common stock. The option has an exercise price of $0.795 per share, vests in 12 equal monthly installments over one year, and expires on April 2, 2036 if not exercised.
What are the details of the restricted stock units granted to NMTC’s director?
Andrle received 41,929 restricted stock units of NeuroOne common stock. These RSUs vest in 12 equal monthly installments over a one-year period, with each installment vesting at the end of the month, aligning ongoing service with incremental share delivery.
When do Edward Andrle’s newly granted NMTC stock options expire?
The stock options granted to Edward Andrle expire on April 2, 2036. They have an exercise price of $0.795 per share and vest in 12 equal monthly installments over one year, providing a long-dated potential ownership opportunity once vested and exercised.
Are Edward Andrle’s NMTC equity awards immediate or time-vested?
Both the restricted stock units and the option grant are time-vested. Each award vests in 12 equal monthly installments over a one-year period, with vesting occurring at the end of each month rather than all shares becoming available immediately.