RenovoRx (NASDAQ: RNXT) CEO receives 946,107 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RenovoRx, Inc. Chief Executive Officer Shaun Bagai received a grant of stock options covering 946,107 shares of common stock at an exercise price of $0.98 per share. The grant was approved by the Compensation Committee.
The options vest over four years at 1/48 per month starting January 1, 2026, becoming fully vested on January 1, 2030, and expiring on April 3, 2036. They are only exercisable when there is an effective registration statement covering the underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bagai Shaun
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 946,107 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 946,107 shares (Direct)
Footnotes (1)
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Key Figures
Option grant size: 946,107 shares
Exercise price: $0.98 per share
Incentive stock options portion: 111,621 shares
+4 more
7 metrics
Option grant size
946,107 shares
Stock options granted to CEO covering common stock
Exercise price
$0.98 per share
Conversion or exercise price of granted stock options
Incentive stock options portion
111,621 shares
Shares underlying incentive stock options within total grant
Non-qualified options portion
834,486 shares
Shares underlying non-qualified stock options within total grant
Vesting schedule
1/48 per month
Monthly vesting over four years starting January 1, 2026
Full vesting date
January 1, 2030
Date options become fully vested
Expiration date
April 3, 2036
Date on which the stock options expire
Key Terms
incentive stock options, non-qualified stock options, vesting over four years at a rate of 1/48 per month, effective registration statement, +1 more
5 terms
incentive stock options financial
"111,621 shares of which are underlying incentive stock options"
Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.
non-qualified stock options financial
"834,486 of which are underlying non-qualified stock options"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
vesting over four years at a rate of 1/48 per month financial
"with such options vesting over four years at a rate of 1/48 per month"
effective registration statement regulatory
"The options will only become exercisable when there is an effective registration statement"
An effective registration statement is a company filing that a securities regulator has approved as meeting disclosure rules, giving the company the legal green light to sell new shares or debt to the public. For investors it matters because the approval signals needed information has been made public and allows offerings that can change a company's cash position, share count and stock liquidity—think of it as a permit that lets a fundraising or public sale go forward.
stock options financial
"was granted stock options to purchase up to 946,107 shares"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
What did RenovoRx (RNXT) disclose about CEO Shaun Bagai’s latest equity grant?
RenovoRx disclosed that CEO Shaun Bagai received stock options for 946,107 shares at a $0.98 exercise price. The award was approved by the Compensation Committee and is structured as a long-term incentive with monthly vesting over four years, subject to exercisability conditions.
What are the vesting terms for CEO Shaun Bagai’s RenovoRx (RNXT) stock options?
The options vest over four years at a rate of 1/48 each month, starting January 1, 2026. They become fully vested on January 1, 2030. This structure ties the award to continued service, with no initial cliff and gradual monthly vesting.
When can the newly granted RenovoRx (RNXT) stock options be exercised?
The options can only be exercised when there is an effective registration statement covering the underlying shares. This means exercise is contingent on regulatory effectiveness, in addition to vesting, adding an extra condition before the CEO can purchase shares.
What is the exercise price and expiration date of the RenovoRx (RNXT) CEO stock options?
The stock options have an exercise price of $0.98 per share and expire on April 3, 2036. If not exercised by that date, subject to vesting and registration effectiveness, the options will lapse and cease to be exercisable.