[Form 4] SenesTech, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SenesTech, Inc. disclosed that Chief Executive Officer Michael Edell received a grant of stock options covering 263,288 shares of common stock. The options have an exercise price of $1.47 per share and expire on May 6, 2036. According to the vesting terms, one-twelfth of the options will vest on the last day of each calendar quarter starting on June 30, 2026, subject to continuous service, with full vesting expected by March 31, 2029. The filing notes that exercisability of any portion exceeding the shares available under the stockholder-approved plan reserve will require additional stockholder approval.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edell Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 263,288 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 263,288 shares (Direct, null)
Footnotes (1)
- Same as Vesting Schedule; provided, however, that, if, as of any vesting date, the number of shares underlying the vested portion of the Option exceeds the number of shares available for issuance under the Plan (based on the then-current stockholder-approved share reserve thereunder (the EIP Reserve) and the number of shares subject to outstanding Stock Awards (as defined in the Plan) that were granted prior to the Grant Date specified above), then as to such excess shares, the Option shall not be exercisable until further stockholder approval is obtained for an adequate increase in the EIP Reserve. Subject to the terms of the Option Agreement, one-twelfth (1/12th) of the shares subject to this option will vest on the last day of each calendar quarter following the Vesting Commencement Date, with the first vesting date being June 30, 2026, subject to your Continuous Service through each such vesting date, such that all shares subject to this option will be fully vested on March 31, 2029.
Key Figures
Option grant size: 263,288 options
Exercise price: $1.47 per share
Options after transaction: 263,288 options
+2 more
5 metrics
Option grant size
263,288 options
Stock Option (right to buy) granted to CEO
Exercise price
$1.47 per share
Conversion or exercise price of options
Options after transaction
263,288 options
Total options held following grant
Option expiration date
May 6, 2036
Final expiration of option grant
Full vesting date
March 31, 2029
All shares scheduled to be fully vested
Key Terms
Stock Option (right to buy), Vesting Commencement Date, Continuous Service, stockholder-approved share reserve, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Vesting Commencement Date financial
"following the Vesting Commencement Date, with the first vesting date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Continuous Service financial
"subject to your Continuous Service through each such vesting date"
Option Agreement financial
"Subject to the terms of the Option Agreement, one-twelfth"
An option agreement is a contract that gives one party the right, but not the obligation, to buy or sell a specific asset (like company shares or property) at a pre-agreed price within a set time period. Think of it like a reservation or ticket that holds a purchase at today’s terms for later — it matters to investors because it can create potential future value or liability, change ownership stakes, and affect share dilution and company control.
