SENS Form 4: Edward Fiorentino Issued 34,200 Shares as Director Pay
Rhea-AI Filing Summary
Senseonics Holdings director Edward Fiorentino received 34,200 shares of common stock on 10/01/2025 under the company's non-employee director compensation policy. The shares were issued in lieu of a quarterly retainer; the filing states the number of shares equals $14,124.60 divided by the closing price of $0.413 per share on the NYSE American that day.
After the issuance, the reporting person beneficially owned 1,379,301 shares. The Form 4 was signed by attorney-in-fact Frederick T. Sullivan on 10/03/2025. The filing records this as a routine equity grant to a director under the disclosed compensation policy.
Positive
- 34,200 shares issued under the issuer's non-employee director compensation policy, showing governance alignment with stock-based pay
- 1,379,301 shares reported as beneficially owned after the transaction, providing clear disclosure of ownership
Negative
- None.
Insights
Director equity payment recorded: 34,200 shares at $0.413.
This Form 4 documents a standard director compensation equity issuance to Edward Fiorentino rather than a cash payment. The filing explicitly states the shares were issued under the issuer's non-employee director compensation policy in lieu of a quarterly retainer.
The reported post-transaction beneficial ownership of 1,379,301 shares is included, and the form is executed by an attorney-in-fact on 10/03/2025, indicating proper procedural completion.
Share calculation tied to closing price: $14,124.60 ÷ $0.413.
The filing details the precise math: the cash-equivalent retainer of $14,124.60 was converted into shares using the $0.413 closing price on 10/01/2025, yielding 34,200 shares. This is an explicit, formulaic issuance rather than an exercise or open-market purchase.
Because this is a compensation issuance, it increases shares outstanding for holders but the document contains no other compensation terms or cash-flow figures.