Scientific Industries (SCND) CFO discloses 20,000-share stock option terms
Rhea-AI Filing Summary
Scientific Industries Inc. officer Zachary Rovinsky, the company’s Chief Financial Officer, reported his beneficial ownership of derivative securities tied to the company’s common stock. The filing shows a stock option covering 20,000 shares of common stock with an exercise price of $0.8 per share, first exercisable on 08/22/2026 and expiring on 08/22/2035. According to the vesting terms, one quarter of the shares vest one year after the vesting commencement date, and the remaining shares vest in thirty-six equal monthly installments starting from that first anniversary.
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FAQ
What insider transaction did SCND disclose for its CFO Zachary Rovinsky?
The company disclosed that Chief Financial Officer Zachary Rovinsky beneficially owns a stock option linked to 20,000 shares of Scientific Industries Inc. common stock.
What are the key terms of the Scientific Industries (SCND) stock option reported?
The reported stock option covers 20,000 common shares, has an exercise price of $0.8 per share, becomes exercisable on 08/22/2026, and expires on 08/22/2035.
How does the CFO’s stock option in Scientific Industries (SCND) vest?
One quarter of the option shares vest one year after the vesting commencement date, and the remaining shares vest in thirty-six equal monthly installments starting from that first anniversary.
Is the Scientific Industries (SCND) insider filing for one reporting person or a group?
The form indicates it is filed by one reporting person, namely Chief Financial Officer Zachary Rovinsky.
What role does the reporting person hold at Scientific Industries (SCND)?
The reporting person, Zachary Rovinsky, is identified as an officer of Scientific Industries Inc., serving as the Chief Financial Officer.