Tenon Medical officer gains indirect share award
Geist Wyatt D. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Geist Wyatt D. reported acquisition or exercise transactions in this Form 4 filing.
Tenon Medical, Inc. disclosed that on May 1, 2026 it issued 276,228 shares of common stock to SiVantage, Inc. under an Asset Purchase Agreement tied to a milestone achievement. Chief Innovation Officer Wyatt D. Geist has a 49.38% equity interest in SiVantage, giving him an indirect pecuniary interest in 136,401 of these shares, increasing his indirect holdings to 487,166 shares held by SiVantage. He also holds 157,569 shares directly and disclaims beneficial ownership of SiVantage’s shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 136,401 shares
Grant/Award
2 txns
Insider
Geist Wyatt D.
Role
Chief Innovation Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 136,401 | $0.00 | $0.00 |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 487,166 shares (Indirect, By SiVantage, Inc.);
Common stock — 157,569 shares (Direct)
Footnotes (1)
- F1. On May 1, 2026, Tenon Medical, Inc. ("Registrant") issued 276,228 shares of its common stock to SiVantage, Inc. ("SiVantage") pursuant to the Asset Purchase Agreement, dated August 1, 2025, by and between the Registrant and SiVantage, in connection with the achievement of a certain milestone set forth therein. The securities reported herein represent the reporting person's indirect pecuniary interest in the shares held by SiVantage based on the reporting person's 49.38% equity interest in SiVantage. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
Key Figures
Shares issued to SiVantage: 276,228 shares
Indirectly acquired shares: 136,401 shares
Indirect holdings after transaction: 487,166 shares
+3 more
6 metrics
Shares issued to SiVantage
276,228 shares
Common stock issued on May 1, 2026 under Asset Purchase Agreement milestone
Indirectly acquired shares
136,401 shares
Wyatt D. Geist’s indirect pecuniary interest reported in Form 4
Indirect holdings after transaction
487,166 shares
Total Tenon Medical shares held by SiVantage reflecting Geist’s pecuniary interest
Direct holdings
157,569 shares
Tenon Medical common stock held directly by Wyatt D. Geist
Equity interest in SiVantage
49.38%
Geist’s ownership stake in SiVantage determining his pecuniary interest
Share price per reported acquisition
$0.00 per share
Non-cash acquisition of 136,401 Tenon Medical shares attributed to Geist
Key Terms
Asset Purchase Agreement, indirect pecuniary interest, disclaims beneficial ownership, milestone
4 terms
Asset Purchase Agreement financial
"pursuant to the Asset Purchase Agreement, dated August 1, 2025, by and between the Registrant and SiVantage"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
indirect pecuniary interest financial
"represent the reporting person's indirect pecuniary interest in the shares held by SiVantage"
disclaims beneficial ownership regulatory
"The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest"
milestone financial
"in connection with the achievement of a certain milestone set forth therein"
FAQ
What insider transaction did Tenon Medical (TNON) report for Wyatt D. Geist?
Tenon Medical reported that Wyatt D. Geist gained an indirect pecuniary interest in 136,401 common shares on May 1, 2026. These shares were issued to SiVantage, Inc. after a milestone under an Asset Purchase Agreement, not through an open-market trade.
What is Wyatt D. Geist’s indirect holding in Tenon Medical (TNON) after this filing?
Following the May 1, 2026 transaction, Wyatt D. Geist’s indirect pecuniary interest in Tenon Medical totals 487,166 common shares held by SiVantage, Inc. This reflects his 49.38% equity stake in SiVantage and the newly issued milestone shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
