Senseonics (SENS) director granted 35,714 shares as retainer
Rhea-AI Filing Summary
Douglas A. Roeder, a director of Senseonics Holdings, Inc. (SENS), received 35,714 shares of common stock under the company’s non-employee director compensation policy in lieu of quarterly cash retainer fees. The shares were issued based on the NYSE American closing price of $0.413 per share on the transaction date, representing cash-equivalent compensation of $14,749.88. After this issuance, the reporting person beneficially owned 1,694,540 shares of the issuer’s common stock. The transaction is reported on a Form 4 and was filed by a single reporting person. The Form states the issuance was pursuant to the issuer’s director compensation policy and discloses the calculation used to determine the share amount.
Positive
- 35,714 shares issued as director compensation in lieu of cash retainer
- Reporting person’s beneficial ownership increased to 1,694,540 shares
- Issuance calculated transparently: $14,749.88 ÷ $0.413 per share
Negative
- None.
Insights
Director received equity as compensation, increasing insider stake modestly.
The Form 4 discloses an equity grant of 35,714 shares to a non-employee director in lieu of a cash retainer, calculated at $0.413 per share. Equity-based director compensation aligns the director’s interests with shareholders by converting cash fees into stock.
This raises the reporting person’s beneficial ownership to 1,694,540 shares, a fact that may be relevant to governance assessments and insider ownership calculations. The filing is procedural and does not disclose any change in board role or control.
Issuance is a standard compensatory transaction, not a market purchase or sale.
The Form 4 records a Code A transaction (acquisition) reflecting shares issued under the issuer’s policy rather than open-market activity. The stated calculation shows the number of shares equals $14,749.88 divided by the closing price $0.413.
Because this is an issuance, it increases outstanding insider holdings without indicating buying or selling pressure in the market.