SenesTech (SNES) director receives 100,000 stock options vesting over 1 year
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SenesTech, Inc. director Jamie Bechtel Morrison received a grant of stock options covering 100,000 shares of common stock. The options have an exercise price of $1.6500 per share and expire on June 15, 2036. According to a footnote, the award vests monthly over one year in 12 equal installments, providing compensation that aligns the director’s incentives with long-term shareholder value. Following this grant, the filing shows 100,000 derivative securities held directly, and no sales or exercises were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morrison Jamie Bechtel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 100,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 100,000 options
Exercise price: $1.6500 per share
Underlying shares: 100,000 shares
+3 more
6 metrics
Option grant size
100,000 options
Stock Option (right to buy) granted to director
Exercise price
$1.6500 per share
Conversion or exercise price of options
Underlying shares
100,000 shares
Underlying SenesTech common stock
Expiration date
June 15, 2036
Option expiration
Holdings after grant
100,000 derivative securities
Total options held following transaction
Vesting schedule
12 monthly installments over 1 year
Footnote description of vesting
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, derivative securities, underlying security, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
derivative securities financial
"derivativeTransactionCount: 1 derivative-type record"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
underlying security financial
"underlying_security_title: Common Stock"
vesting financial
"Monthly over 1 year (12 equal monthly installments)"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did SenesTech (SNES) disclose in this Form 4 for Jamie Bechtel Morrison?
SenesTech disclosed that director Jamie Bechtel Morrison received a grant of stock options for 100,000 shares of common stock. These options form part of her equity-based compensation and are intended to align her interests with those of other shareholders over time.
How many stock options did the SenesTech director receive in this filing?
The director received stock options covering 100,000 shares of SenesTech common stock. This entire option position is shown as held directly after the transaction, with no accompanying sales or exercises reported in the same Form 4 filing.
What is the exercise price and expiration date of the new SenesTech options?
The options carry an exercise price of $1.6500 per share and expire on June 15, 2036. This means the director can choose to buy shares at $1.6500 up until that expiration date, subject to the options vesting over time.
How do the SenesTech stock options granted to the director vest?
A footnote states the options vest monthly over one year in 12 equal installments. This structure gradually delivers the award, encouraging the director’s continued service and alignment with SenesTech’s performance throughout the first year after the grant date.
What is Jamie Bechtel Morrison’s option position after this SenesTech grant?
After the grant, the Form 4 shows the director holding 100,000 derivative securities related to stock options. These options are held directly and reference 100,000 underlying shares of common stock, with no remaining derivative positions beyond this grant listed.