[Form 4] Synergy CHC Corp. Insider Trading Activity
Synergy CHC Corp. (SNYR) reported a Form 4 showing a stock option grant to Kenek Brands Inc., which is controlled by reporting person Jack Ross, the company's CEO and Chairman. The derivative award is a 750,000-share option with an exercise price of $2.38, recorded on 09/18/2025. The filing states the option vests one-third on the first anniversary of grant and the remaining two-thirds in equal monthly installments over the following 24 months, subject to continued service. The reporting person disclaims direct ownership; the shares are owned directly by Kenek Brands Inc., making Ross an indirect beneficial owner. The Form is signed by counsel on 09/22/2025.
- Clear disclosure of a 750,000-share option grant with exercise price and vesting schedule
- Vesting is time-based, aligning future executive service with potential equity realization
- Indirect ownership and the reporting person's control of Kenek Brands Inc. are explicitly stated
- Large option award (750,000 shares) may be material to shareholders though the filing does not quantify dilution
- No performance conditions disclosed; award vests solely based on continued service per the filing
- Form lacks grant valuation so economic impact is not quantified in the document
Insights
TL;DR: A routine insider option award is disclosed; control and indirect ownership are clearly stated.
The Form 4 documents a sizable option grant to an entity controlled by the CEO/chairman, clarifying indirect beneficial ownership and a time-based vesting schedule. The filing is straightforward and complies with Section 16 reporting requirements by disclosing transaction date, exercise price, number of options, and the vesting terms. There is no additional information on any performance conditions or accelerated vesting triggers; only time-based vesting is disclosed.
TL;DR: The award is large and time-vested, aligning pay with continued service but lacking performance conditions in the disclosure.
The grant of 750,000 options at a $2.38 strike is described with a clear one-third/then monthly vesting schedule over two years. From a compensation-design view, the award ties value to tenure and future stock performance. The disclosure does not include grant valuation, grant date beyond the transaction date, or any service conditions beyond continued service; it also confirms indirect ownership through Kenek Brands Inc.