SenesTech CEO granted 263K stock options at $1.47
SenesTech, Inc. disclosed that Chief Executive Officer Michael Edell received a grant of stock options covering 263,288 shares of common stock.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 263,288 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
Stock Option (right to buy) financial
Vesting Commencement Date financial
Continuous Service financial
Option Agreement financial
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