Director at Vivani Medical (VANI) receives 36,516 stock options award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vivani Medical, Inc. director Daniel Bradbury received an annual grant of non-qualified stock options as part of the company’s Non-Employee Director Compensation Policy. The award covers 36,516 options to buy common stock at an exercise price of $1.22 per share, representing 36,516 underlying shares.
The option vests in full on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, subject to his continued service as a director. Following this grant, Bradbury holds 36,516 options, and the options are scheduled to expire on June 23, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRADBURY DANIEL
Role
Director
| 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)
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
Options granted: 36,516 options
Exercise price: $1.22 per share
Underlying shares: 36,516 shares
+3 more
6 metrics
Options granted
36,516 options
Non-qualified stock option grant to director Daniel Bradbury
Exercise price
$1.22 per share
Strike price for newly granted options
Underlying shares
36,516 shares
Common stock underlying the option grant
Total options after grant
36,516 options
Options held by Bradbury following the transaction
Expiration date
June 23, 2036
Option term end date
Vesting trigger
1 year or next annual meeting
Earlier of first anniversary or next stockholder meeting
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 or (ii) the next annual meeting"
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 insider transaction did Vivani Medical (VANI) report for Daniel Bradbury?
Vivani Medical reported that director Daniel Bradbury received a grant of 36,516 non-qualified stock options. These options allow him to acquire 36,516 shares of common stock at an exercise price of $1.22 per share as part of director compensation.
What is the exercise price and size of Daniel Bradbury’s new options at Vivani Medical (VANI)?
Daniel Bradbury was granted 36,516 non-qualified stock options with an exercise price of $1.22 per share. Each option corresponds to one share of Vivani Medical common stock, giving him potential future ownership of 36,516 additional shares if exercised.
How and when do Daniel Bradbury’s Vivani Medical (VANI) options vest?
Bradbury’s option grant vests in full on the earlier of the first anniversary of the grant or the next annual meeting of stockholders. Vesting is conditioned on his continued service as a non-employee director through that vesting date under the company’s policy.
When do Daniel Bradbury’s newly granted Vivani Medical (VANI) options expire?
The options granted to Daniel Bradbury are scheduled to expire on June 23, 2036. If he does not exercise them by that expiration date, they will lapse and no longer give him the right to purchase Vivani Medical common shares at $1.22.
How many Vivani Medical (VANI) options does Daniel Bradbury hold after this grant?
After this grant, Daniel Bradbury holds a total of 36,516 stock options in Vivani Medical. This amount matches the size of the new award, indicating this grant represents his entire option position as reflected in the reported Form 4 filing.