STSS Form 4: CFO Andrew Crescenzo Receives 40,000-Share Option
Rhea-AI Filing Summary
Andrew R. Crescenzo, who serves as Chief Financial Officer and a director of Sharps Technology Inc., was granted an option to purchase 40,000 shares on 08/22/2025 at an exercise price of $6.41 per share under the company's 2025 Equity Incentive Plan. The option is shown as directly beneficially owned for 40,000 shares following the grant and will become 100% vested and exercisable on May 22, 2026. The Form 4 was signed by Mr. Crescenzo on 08/26/2025. The filing lists the issuer as Sharps Technology Inc. (STSS).
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Insights
TL;DR: A routine executive option grant of 40,000 shares at $6.41; standard time-based vesting to align management incentives.
The grant is a non-cash equity incentive that ties the CFO's compensation to future share performance without immediate dilution beyond potential exercise. The 100% vesting date (May 22, 2026) is time-based, which suggests retention rather than performance-contingent pay. No cash proceeds have been received yet and the filing shows direct beneficial ownership of the option for 40,000 shares following the grant. This disclosure is typical and not directly material to near-term financials.
TL;DR: Governance practice appears standard: board-approved equity grant under the 2025 plan with single-date vesting.
The Form 4 indicates the company used its Equity Incentive Plan to grant an option to a named executive officer who is also a director, which raises standard oversight considerations but is common practice. The single-date, full vesting approach is straightforward; the filing contains no indication of related-party conflicts or special acceleration terms. Disclosure is complete for the reported transaction.