Vivani Medical director awarded 36,516 stock options
Vivani Medical, Inc. director and 10% owner Gregg Williams reported receiving a grant of non-qualified stock options for 36,516 shares of common stock at an exercise price of $1.22 per share.
Rhea-AI Filing Summary
Vivani Medical, Inc. director and 10% owner Gregg Williams reported receiving a grant of non-qualified stock options for 36,516 shares of common stock at an exercise price of $1.22 per share. This compensation award was made under the company’s Non-Employee Director Compensation Policy.
The options vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, subject to Mr. Williams’ continued service through that date, and are scheduled to expire on June 23, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 36,516 shares
Grant/Award
1 txn
Insider
Williams Gregg
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) | 36,516 | $1.22 | $45K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 36,516 contracts (Direct)
Footnotes (2)
- F1. Annual grant awarded pursuant to the Issuer's Non-Employee Director Compensation Policy.
- F2. The option vests in total on the earlier of (i) the first anniversary of the grant or (ii) the next annual meeting of stockholders, subject to continued service through such date.
Key Figures
Options granted: 36,516 options
Exercise price: $1.22 per share
Underlying shares: 36,516 shares
+2 more
5 metrics
Options granted
36,516 options
Non-qualified stock option award to Gregg Williams
Exercise price
$1.22 per share
Strike price for Vivani Medical common stock
Underlying shares
36,516 shares
Common stock underlying the options
Post-transaction derivative holdings
36,516 options
Total options directly held after the grant
Option expiration
June 23, 2036
Expiration date of the non-qualified stock options
Key Terms
Non-Qualified Stock Option, Non-Employee Director Compensation Policy, vests in total, annual meeting of stockholders
4 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Non-Employee Director Compensation Policy financial
"Annual grant awarded pursuant to the Issuer's Non-Employee Director Compensation Policy."
vests in total financial
"The option vests in total on the earlier of (i) the first anniversary of the grant"
annual meeting of stockholders financial
"or (ii) the next annual meeting of stockholders, subject to continued service"
FAQ
What did Vivani Medical (VANI) director Gregg Williams report on this Form 4?
Gregg Williams reported receiving a stock option grant for 36,516 shares. The non-qualified options allow him to buy Vivani Medical common stock at $1.22 per share as part of his compensation as a non-employee director.
What are the key terms of Gregg Williams’ Vivani Medical stock option grant?
The grant covers 36,516 options at an exercise price of $1.22 per share. The options relate to an equal number of Vivani Medical common shares and were reported as directly held following the transaction.
How and when do Gregg Williams’ Vivani Medical options vest?
The options vest in full on a single future date. Vesting occurs on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, provided he continues to serve as a director through that date.
When do the Vivani Medical options granted to Gregg Williams expire?
The reported non-qualified stock options expire on June 23, 2036. After that expiration date, any unexercised options will no longer be exercisable, limiting the time period during which he may purchase shares at $1.22.
Is Gregg Williams’ Vivani Medical stock option grant a market purchase or sale?
The transaction is a compensation-related grant, not a market trade. It is reported with code A as a grant or award acquisition under the Non-Employee Director Compensation Policy, meaning no open-market buying or selling occurred in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
