Director at Sensei Biotherapeutics (NASDAQ: SNSE) gains shares, options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sensei Biotherapeutics director Stephen M. Hahn reported acquiring common shares through a preferred stock conversion and receiving a new stock option award. On June 15, 2026, 44,763 shares of Common Stock were acquired upon the conversion of 44.763 shares of Series B Preferred Stock, leaving him with 44,763 common shares directly owned.
Separately, on June 12, 2026, Hahn received a stock option for 25,000 shares of Common Stock at an exercise price of $13.00 per share. This option vests in 36 equal monthly installments and is expected to be fully vested by June 12, 2029, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
44.763 shares exercised/converted
Mixed
3 txns
Insider
Hahn Stephen M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Preferred Stock | 44.763 | $0.00 | -- |
| Conversion | Common Stock | 44,763 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 25,000 | $0.00 | -- |
Holdings After Transaction:
Series B Preferred Stock — 0 shares (Direct, null);
Common Stock — 44,763 shares (Direct, null);
Stock Option (right to buy) — 25,000 shares (Direct, null)
Footnotes (1)
- Subject to certain conditions set forth in the Certificate of Designation of Preferences, Rights and Limitations of the Series B Preferred Stock, each share of Series B Preferred Stock is convertible into 1,000 shares of the Issuer's Common Stock and has no expiration date. Pursuant to February 17, 2026 Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer, Sapphire First Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Issuer ("First Merger Sub"), Sapphire Second Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer ("Second Merger Sub"), Faeth Holdings Therapeutics, Inc. ("HoldCo") and Faeth Therapeutics, LLC, a Delaware limited liability company and wholly owned subsidiary of HoldCo ("Faeth"), First Merger Sub merged with and into HoldCo, with HoldCo surviving the first merger as a wholly owned subsidiary of the Issuer, and immediately following the first merger, HoldCo merged with and into Second Merger Sub, with Second Merger Sub surviving the second merger as a wholly owned subsidiary of the Issuer (such mergers, the "Merger"). Footnote continued: Upon the closing of the Merger, shares of outstanding common stock of HoldCo were converted into the right to receive shares of the Issuer's Series B Preferred Stock. The shares subject to the option vest and become exercisable in 36 equal monthly installments over a three year period such that the option is fully vested on the third anniversary of the date of grant, or June 12, 2029, subject to the Reporting Person's continuous service with the Issuer as of each such vesting date.
Key Figures
Common shares acquired via conversion: 44,763 shares
Series B Preferred converted: 44.763 shares
Common shares held after conversion: 44,763 shares
+3 more
6 metrics
Common shares acquired via conversion
44,763 shares
Conversion of Series B Preferred Stock on June 15, 2026
Series B Preferred converted
44.763 shares
Converted into Common Stock on June 15, 2026
Common shares held after conversion
44,763 shares
Direct ownership following June 15, 2026 transaction
New stock option grant
25,000 shares
Stock Option (right to buy) granted June 12, 2026
Option exercise price
$13.00 per share
Stock option on 25,000 shares of Common Stock
Option vesting period
36 months
Monthly vesting to full vesting by June 12, 2029
Key Terms
Series B Preferred Stock, Stock Option (right to buy), Certificate of Designation of Preferences, Rights and Limitations, Agreement and Plan of Merger, +1 more
5 terms
Series B Preferred Stock financial
"each share of Series B Preferred Stock is convertible into 1,000 shares of the Issuer's Common Stock"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
Stock Option (right to buy) financial
"The shares subject to the option vest and become exercisable in 36 equal monthly installments"
Certificate of Designation of Preferences, Rights and Limitations regulatory
"Subject to certain conditions set forth in the Certificate of Designation of Preferences, Rights and Limitations of the Series B Preferred Stock"
Agreement and Plan of Merger regulatory
"Pursuant to February 17, 2026 Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
vesting financial
"The shares subject to the option vest and become exercisable in 36 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 insider transactions did Stephen M. Hahn report at SNSE?
Stephen M. Hahn reported acquiring 44,763 shares of Common Stock via conversion of Series B Preferred Stock and receiving a stock option for 25,000 shares at $13.00 per share, all held directly.
What are the terms of Stephen M. Hahn’s new stock option at SNSE?
Hahn received a stock option for 25,000 shares of Common Stock at a $13.00 exercise price. The option vests in 36 equal monthly installments and becomes fully vested by June 12, 2029, if he remains in continuous service.
How is the Series B Preferred Stock of Sensei Biotherapeutics structured?
Each share of Series B Preferred Stock is convertible into 1,000 shares of Common Stock and has no expiration date. Conversion is subject to conditions in the Certificate of Designation for the Series B Preferred Stock.
What merger transaction is referenced in Stephen M. Hahn’s Form 4 for SNSE?
The footnotes reference a February 17, 2026 Agreement and Plan of Merger involving Sensei Biotherapeutics, two merger subsidiaries, Faeth Holdings Therapeutics, Inc., and Faeth Therapeutics, LLC, after which HoldCo became a wholly owned subsidiary.