[Form 4] Vivani Medical, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vivani Medical, Inc. director Aaron Mendelsohn received a grant of stock options as part of his non-employee director compensation. He was awarded a non-qualified option covering 36,516 shares of common stock at an exercise price of $1.22 per share, held directly.
The option vests in full on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, contingent on continued board service through that date, and expires on June 23, 2036. This is a compensation-related award, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mendelsohn Aaron
Role
null
| 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 shares (Direct, null)
Footnotes (1)
- Annual grant awarded pursuant to the Issuer's Non-Employee Director Compensation Policy. 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
Option grant size: 36,516 shares
Exercise price: $1.22 per share
Shares after transaction: 36,516 derivative shares
+2 more
5 metrics
Option grant size
36,516 shares
Non-qualified stock option awarded to director
Exercise price
$1.22 per share
Strike price for the stock option grant
Shares after transaction
36,516 derivative shares
Total options held following the grant
Expiration date
June 23, 2036
Option term end date
Vesting trigger
Earlier of 1-year anniversary or next annual meeting
Subject to continued board service
Key Terms
Non-Qualified Stock Option, Non-Employee Director Compensation Policy, vesting, 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
"awarded pursuant to the Issuer's Non-Employee Director Compensation Policy"
vesting financial
"The option vests in total on the earlier of (i) the first anniversary"
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.
annual meeting of stockholders financial
"the earlier of (i) the first anniversary of the grant or (ii) the next annual meeting of stockholders"
FAQ
What did Vivani Medical (VANI) director Aaron Mendelsohn report on this Form 4?
Aaron Mendelsohn reported receiving a stock option grant. He was awarded a non-qualified option for 36,516 shares of Vivani Medical common stock at an exercise price of $1.22 per share as part of his non-employee director compensation.
What is the exercise price of Aaron Mendelsohn’s Vivani Medical stock options?
The exercise price is $1.22 per share. This means Mendelsohn can purchase up to 36,516 Vivani Medical common shares at $1.22 each once the option vests, regardless of the market price at that future time.
When do Aaron Mendelsohn’s Vivani Medical stock options vest?
The options vest in full on a future single 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 stock options granted to Aaron Mendelsohn expire?
The stock options expire on June 23, 2036. If the options are not exercised by that expiration date, the right to buy the 36,516 shares at $1.22 per share will lapse and become worthless.
Is Aaron Mendelsohn’s Vivani Medical Form 4 a stock purchase or a compensation grant?
This Form 4 reflects a compensation-related grant, not a purchase. The options were awarded under Vivani’s Non-Employee Director Compensation Policy, representing a grant of derivative securities rather than an open-market buy or sell transaction.