SCYNEXIS director granted stock and options
SCYNEXIS director David C. Hastings received new equity awards as part of his compensation.
Rhea-AI Filing Summary
SCYNEXIS director David C. Hastings received new equity awards as part of his compensation. He was granted 2,875 shares of common stock and a stock option for 2,875 shares at an exercise price of $3.85 per share. Both the restricted stock units and the option vest 100% on the first anniversary of the June 26, 2026 grant date, as long as he continues serving as a non-employee director. After the stock grant, he directly holds 11,522 common shares, and the new option expires on June 25, 2036. All amounts reflect a 1-for-8 reverse stock split effective May 29, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,750 shares
Grant/Award
2 txns
Insider
HASTINGS DAVID C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,875 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,875 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,875 contracts (Direct);
Common Stock — 11,522 shares (Direct)
Footnotes (3)
- F1. One-hundred percent (100%) of the shares subject to the restricted stock unit vest on the first anniversary of the date of grant, provided that the non-employee director is providing continuous services on the applicable vesting date.
- F2. On May 29, 2026, the common stock of the Issuer underwent a 1-for-8 reverse stock split (the "Reverse Stock Split"). All amounts of securities listed herein have been adjusted to reflect the effect of the Reverse Stock Split.
- F3. One-hundred percent (100%) of the shares subject to the option vest on the first anniversary of the date of grant, provided that the non-employee director is providing continuous services on the applicable vesting date.
Key Figures
Restricted stock grant: 2,875 shares
Stock option grant size: 2,875 options
Option exercise price: $3.85 per share
+3 more
6 metrics
Restricted stock grant
2,875 shares
Common stock granted to director on June 26, 2026
Stock option grant size
2,875 options
Right to buy common stock granted June 26, 2026
Option exercise price
$3.85 per share
Exercise price for 2,875-share option grant
Shares held after grant
11,522 shares
Total common shares directly owned after transaction
Option expiration date
June 25, 2036
Expiration of 2,875-share stock option grant
Reverse stock split ratio
1-for-8
Common stock reverse split effective May 29, 2026
Key Terms
restricted stock unit, stock option, exercise price, reverse stock split
4 terms
restricted stock unit financial
"shares subject to the restricted stock unit vest on the first anniversary"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
stock option financial
"shares subject to the option vest on the first anniversary of the date of grant"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"Stock Option (Right to Buy) with a conversion or exercise price of 3.8500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
reverse stock split financial
"the common stock of the Issuer underwent a 1-for-8 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SCYNEXIS (SCYX) director David C. Hastings report?
Director David C. Hastings reported receiving equity compensation awards, not buying on the open market. He was granted 2,875 shares of common stock and a stock option for 2,875 shares of SCYNEXIS common stock as part of his non-employee director compensation package.
What are the terms of David C. Hastings’ new SCYNEXIS (SCYX) stock options?
Hastings was granted a stock option covering 2,875 SCYNEXIS common shares at an exercise price of $3.85 per share. The option vests 100% on the first anniversary of the June 26, 2026 grant date and expires on June 25, 2036, assuming continuous director service.
How do the SCYNEXIS (SCYX) equity awards to David C. Hastings vest?
Both the restricted stock units and the stock option granted to Hastings vest in a single tranche. One hundred percent of each award vests on the first anniversary of the June 26, 2026 grant date, provided he continues to provide services as a non-employee director through that vesting date.
What reverse stock split did SCYNEXIS (SCYX) disclose in this Form 4?
SCYNEXIS disclosed that on May 29, 2026, its common stock underwent a 1-for-8 reverse stock split. All share and option amounts reported for David C. Hastings in this Form 4 have been adjusted to reflect the effect of that reverse stock split on the company’s capital structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
