SenesTech (SNES) CFO receives 75,000 stock options vesting over 3 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SenesTech, Inc. reported that its CFO and Treasurer, Thomas C. Chesterman, received a grant of stock options covering 75,000 shares of common stock. The options have an exercise price of $1.65 per share and expire on June 15, 2036.
The award vests in 12 equal quarterly installments over three years, giving the executive the right to buy up to 75,000 shares of SenesTech common stock if the options are exercised after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHESTERMAN THOMAS C
Role
CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 75,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 75,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 75,000 options
Exercise price: $1.65 per share
Underlying shares: 75,000 shares
+3 more
6 metrics
Option grant size
75,000 options
Stock Option (right to buy) grant to CFO
Exercise price
$1.65 per share
Conversion or exercise price of option award
Underlying shares
75,000 shares
Common Stock underlying the options
Post-transaction derivative holdings
75,000 options
Total derivative securities following the transaction
Option expiration date
June 15, 2036
Expiration of the stock option award
Vesting schedule
12 quarterly installments over 3 years
Footnote: Quarterly over 3 years
Key Terms
Stock Option (right to buy), grant/award acquisition, derivative securities, exercise price, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
derivative securities financial
"derivativeTransactionCount for derivative-type records"
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.
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.
vesting financial
"Quarterly over 3 years (12 equal quarterly 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 about its CFO in this Form 4?
SenesTech disclosed that CFO and Treasurer Thomas C. Chesterman received a grant of stock options for 75,000 shares. These options provide the right to purchase SenesTech common stock at a fixed exercise price if and when they vest and are exercised.
How many SenesTech (SNES) stock options were granted to the CFO?
The CFO received stock options covering 75,000 shares of SenesTech common stock. This grant represents the number of underlying shares the executive can purchase if the options vest and are exercised according to the award’s terms.
What is the exercise price of the SenesTech (SNES) CFO’s stock options?
The stock options granted to the SenesTech CFO have an exercise price of $1.65 per share. This means the executive can buy common shares at $1.65 if the options vest and are exercised before expiration.
When do the SenesTech (SNES) CFO stock options vest?
The options vest over three years in 12 equal quarterly installments. This quarterly vesting schedule gradually makes portions of the 75,000-share award exercisable, aligning the grant with ongoing service over the three-year period.
When do the SenesTech (SNES) CFO’s stock options expire?
The stock options granted to the SenesTech CFO expire on June 15, 2036. After this expiration date, any unexercised options will lapse and no longer give the right to purchase SenesTech common stock at the $1.65 exercise price.
How many SenesTech (SNES) derivative securities does the CFO hold after this grant?
Following the transaction, the CFO is reported as holding 75,000 derivative securities related to this option award. These represent rights to acquire an equivalent number of SenesTech common shares if the options vest and are exercised.