SenesTech (SNES) director receives grant of 100,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SenesTech, Inc. director Phillip Nicholas Grandinetti III received a grant of stock options covering 100,000 shares of Common Stock. The options have an exercise price of $1.65 per share, become exercisable over one year in 12 equal monthly installments, and expire on June 15, 2036. Following this award, he holds stock options for 100,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grandinetti Phillip Nicholas III
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
Options granted: 100,000 options
Exercise price: $1.65 per share
Underlying shares: 100,000 shares
+3 more
6 metrics
Options granted
100,000 options
Stock Option (right to buy) grant to director
Exercise price
$1.65 per share
Conversion or exercise price of granted options
Underlying shares
100,000 shares
Common Stock underlying the option award
Expiration date
June 15, 2036
Option term end date
Shares following transaction
100,000 options
Derivative holdings after this grant
Vesting schedule
12 monthly installments over 1 year
Footnote description of vesting
Key Terms
Stock Option (right to buy), exercise price, expiration date, Common Stock, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 1.6500"
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.
expiration date financial
"expiration_date: 2036-06-15T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SenesTech (SNES) disclose in this Form 4 for Phillip Nicholas Grandinetti III?
SenesTech reported a stock option grant to director Phillip Nicholas Grandinetti III for 100,000 shares. The options are compensation-related, giving him the right to buy common stock at a fixed exercise price if he chooses to exercise in the future.
How many SenesTech stock options were granted to the director in this filing?
The director received stock options for 100,000 underlying shares of SenesTech common stock. This award increases his derivative holdings, giving him potential future ownership if he exercises the options once they vest and while they remain within their stated term.
What is the exercise price and term of the SenesTech options granted in this Form 4?
The granted stock options have an exercise price of $1.65 per share and expire on June 15, 2036. This creates a long-dated right to purchase SenesTech common shares at that fixed price if the director chooses to exercise.
How do the SenesTech (SNES) director’s new options vest according to the Form 4?
The options vest monthly over one year in 12 equal installments, as noted in the footnote. This means the director’s right to exercise the full 100,000-share award becomes available gradually rather than all at once on the grant date.
Is this SenesTech Form 4 transaction an open-market buy or a compensation grant?
The transaction is a compensation-related grant coded as an acquisition (A), not an open-market purchase. The director pays no price at grant and may later choose to exercise at the fixed $1.65 per-share exercise price if conditions are met.