Scinai Immunotherapeutics (SCNI) director reports ADS and large option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Scinai Immunotherapeutics Ltd. director Samuel J. Moed filed an initial ownership report showing existing equity interests. He holds 50 American Depositary Shares convertible into 200,000 Ordinary Shares at any time with no expiration date, plus stock options over 4,000,000, 8,000,000 and 48,200,000 Ordinary Shares at exercise prices of $0.0050 and $0.0004 per share. These options vest in annual installments beginning on August 24, 2024, August 24, 2027 and December 22, 2026, contingent on his continued service, and expire between 2033 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Moed Samuel J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Shares | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 200,000 shares (Direct);
Stock Option (right to buy) — 4,000,000 shares (Direct)
Footnotes (1)
- Represents 50 American Depositary Shares, which are convertible at any time into 200,000 Ordinary Shares, at the holder's election and have no expiration date. The Ordinary Shares are represented by American Depositary Shares, each of which currently represents four thousand Ordinary Shares. The option vests in one installment on August 24, 2027, subject to the Reporting Person's continued service through such date. The option vests in three equal annual installments commencing August 24, 2024, subject to the Reporting Person's continued service through such dates. The option vests in three equal annual installments commencing December 22, 2026, subject to the Reporting Person's continued service through such dates.
FAQ
What does the Form 3 filing show for Scinai Immunotherapeutics (SCNI)?
The Form 3 shows director Samuel J. Moed’s existing equity holdings in Scinai Immunotherapeutics. It lists American Depositary Shares and several stock option grants over Ordinary Shares, along with exercise prices, vesting schedules, and expiration dates.
When do the SCNI director’s stock options begin vesting?
The options vest in installments starting on August 24, 2024, August 24, 2027 and December 22, 2026. Vesting is subject to the director’s continued service through the relevant dates, which is typical for long-term incentive awards.
Does the Form 3 for SCNI show any recent insider buying or selling?
The Form 3 is an initial ownership report and lists holdings rather than recent trades. The summarized data show existing American Depositary Shares and option awards, with no explicit buy or sell transactions indicated in the provided information.