Ovid Director's Stock Options Signal Long-term Commitment as Share Price Hovers Near $1

Rhea-AI Filing Summary

Form 4 Filing Details: Bart Friedman, Director of Ovid Therapeutics (OVID), received a stock option grant for 45,000 shares of common stock on February 20, 2025. The filing was reported on June 28, 2025.

Key Transaction Terms:

• Option exercise price set at $0.57 per share
• Options will vest fully on February 20, 2026, contingent on continuous service
• Options expire on February 19, 2035
• Transaction reported as a Direct (D) ownership

This grant appears to be part of the company's director compensation program. The significant discount in the exercise price compared to typical market prices could indicate either a period of stock price decline or a deliberate incentive structure to align director interests with shareholders.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Friedman Bart

(Last) (First) (Middle)

C/O OVID THERAPEUTICS INC.

441 NINTH AVENUE

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ovid Therapeutics Inc. [ OVID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.57	02/20/2025		A		45,000		(1)	02/19/2035	Common Stock	45,000	$0	45,000	D

Explanation of Responses:

1. The option will vest in full on February 20, 2026, subject to the Reporting Person's continuous service through such vesting date.

	/s/ Jason Minio, Attorney-in-Fact	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What stock options did Bart Friedman receive from OVID on February 20, 2025?

Bart Friedman received 45,000 stock options with an exercise price of $0.57 per share. These options were granted on February 20, 2025, and will expire on February 19, 2035.

When do Bart Friedman's OVID stock options vest?

The 45,000 stock options will vest in full on February 20, 2026, subject to Bart Friedman's continuous service through the vesting date.

What is Bart Friedman's role at OVID Therapeutics?

According to the Form 4 filing, Bart Friedman serves as a Director on OVID Therapeutics' Board of Directors.

What was the exercise price of OVID stock options granted to Bart Friedman?

The stock options were granted with an exercise price of $0.57 per share, allowing Friedman to purchase OVID common stock at this price when exercised.

How long are Bart Friedman's OVID stock options valid?

The stock options have a 10-year term, with an expiration date of February 19, 2035, from the grant date of February 20, 2025.